Swiss Franc can bounce from support zone and start to rise
Hello my friends, today I want to talk to you about USDCHF.
I made a few conclusions about Swiss Franc.
Not time ago price made fake breakout of downward channel and now back inside.
At the moment price trades close to support line.
I expect that Swiss Franc can start rise and reach my first target at $0.9400 level which coincide with resistance line of downward channel.
Then I think price can exit of channel and continue to rise.
In this case I set up my next target at $0.9460 which coincide with resistance line on a chart.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
I made a few conclusions about Swiss Franc.
Not time ago price made fake breakout of downward channel and now back inside.
At the moment price trades close to support line.
I expect that Swiss Franc can start rise and reach my first target at $0.9400 level which coincide with resistance line of downward channel.
Then I think price can exit of channel and continue to rise.
In this case I set up my next target at $0.9460 which coincide with resistance line on a chart.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.