FXAutomate

Bullish Continuation Expected

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Since breaking out of the Symmetrical triangle consolidation last month we have seen USDCHF successfully re-test the breakout followed by new highs. This leads me to suspect we will continue to see this bullish continuation until we eventually reach the full breakout target @ 0.947. In the interim, I expect a possible re-test of the Monthly Pivot @ 0.925 followed by a move to the Weekly R1 @ 0.936 and then the Monthly R1 @ 0.941

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.