USDCHF - Reverse trend line support
USDCHF - Intraday - We look to Buy at 0.9950 (stop at 0.9920)
Broken out of the triangle formation to the upside. Reverse trend line support comes in at 0.9954. The 161.8% Fibonacci extension is located at 0.9979 from 0.9868 to 0.9937. Bespoke support is located at 0.9949. Preferred trade is to buy on dips.
Our profit targets will be 1.0040 and 1.0050
Resistance: 0.9986 / 1.0000 / 1.0047
Support: 0.9663 / 0.9954 / 0.9949
Broken out of the triangle formation to the upside. Reverse trend line support comes in at 0.9954. The 161.8% Fibonacci extension is located at 0.9979 from 0.9868 to 0.9937. Bespoke support is located at 0.9949. Preferred trade is to buy on dips.
Our profit targets will be 1.0040 and 1.0050
Resistance: 0.9986 / 1.0000 / 1.0047
Support: 0.9663 / 0.9954 / 0.9949
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