USD/CHF Breakout Eyes Monthly High
USD/CHF may retrace the decline from the monthly high (0.8893) as it breaks out of the range bound price action from earlier this week.
USD/CHF Rate Outlook
USD/CHF trades to a fresh weekly high (0.8840) following the string of failed attempt to close below the 0.8770 (61.8% Fibonacci extension) to 0.8800 (50% Fibonacci extension) region, and the exchange rate may track the positive slope in the 50-Day SMA (0.8715) as it bounces back ahead of the moving average.
A break/close above the 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2% Fibonacci extension) area opens up the 0.9030 (38.2% Fibonacci extension) to 0.9040 (23.6% Fibonacci extension) region, but failure to clear the monthly high (0.8893) may keep USD/CHF within the March range.
--- Written by David Song, Strategist
USD/CHF Rate Outlook
USD/CHF trades to a fresh weekly high (0.8840) following the string of failed attempt to close below the 0.8770 (61.8% Fibonacci extension) to 0.8800 (50% Fibonacci extension) region, and the exchange rate may track the positive slope in the 50-Day SMA (0.8715) as it bounces back ahead of the moving average.
A break/close above the 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2% Fibonacci extension) area opens up the 0.9030 (38.2% Fibonacci extension) to 0.9040 (23.6% Fibonacci extension) region, but failure to clear the monthly high (0.8893) may keep USD/CHF within the March range.
--- Written by David Song, Strategist
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.