USDCHF Technical Analysis
The USDCHF pair is approaching a key trendline. What’s next?
Source: forexlive.com
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The USDCHF pair is approaching a key trendline. What’s next?
The USDCHF pair pulls back into a key resistance. What’s next?
The USD/CHF pair delivers a decisive break above the psychological resistance of 0.8500 in the European session.
In Wednesday's trading session, the USD/CHF pair exhibited a bullish stance but failed to hold its momentum, which took it to a high of around 0.8555 and stabilized at 0.8515.
USD/CHF has retraced its recent losses registered on Friday, trading higher near 0.8450 during the Asian session on Tuesday.