USD/CHF is testing the longer term trend line support that has guided the pair higher from the 0.9470 level. This level is reinforced by the declining parallel channel line from the recent highs. Further, the RSI is approaching the 40 support level on the 4 hour charts. We expect the pair to move higher from the current levels. We are long from 0.9777 with stops below 0.9735 and minimum targets of 0.9850.
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5/5 stars (2 votes)