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Last week we noted the break out above 0.9475 and price is already 100 pips higher. Trend remains bullish. Price has started the week on a positive note and the Dollar bulls seem to remain in control for the 4th straight week.
Black lines -bullish channel
Green line - horizontal resistance (broken)
USDCHF is in a weekly bullish trend. Price has broken above multi month highs and is in a break out phase. There is no sign of a top or even a short-term reversal. Traders better not trade against the trend. Bulls remain in control and next upside target could be around 0.9660. Support is at 0.9475 what was once resistance.
Díky analytickým přehledům společnosti InstaForex získáte plné povědomi o tržních trendech! Jako zákazníkovi společnosti InstaForex je Vám k dispozici velký počet bezplatných služeb umožňujících efektivní obchodování.