USD/CHF: 55 Moving Average acted as support

USD/CHF: 55 Moving Average acted as support

Information is not investment advice

The 55 Moving Average has acted as support, so there's a 'V-Bottom' pattern, which pushed the price higher. The next bullish target is the previously tested resistance at 1.0217 - 1.0235. If any bearish pattern forms thereafter, there'll be a moment to have a downward correction towards the nearest support at 1.0190 - 1.0169.

3-5-2019-CHF-H4.png

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