Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/CAD: price to test next resistance
Information is not investment advice
There's a bullish 'Three Methods' pattern, which has been formed above the 55 Moving Average, so the price is approaching the nearest resistance at 1.3559. If a pullback from this level happens next, there'll be time for a downward correction. In this case, we should watch the nearest support at 1.3386 as a potential bearish target.
Galya Svetlova
Similar
The USD/CAD consolidated at the resistance of the Moving Average and psychological levels
Technical analysis of the USD/CAD
USD/CHF moving up within the triangle pattern
Technical analysis of USD/CHF
Popular
XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
Choose your payment system
