USD/CHF: pick your entry level

USD/CHF: pick your entry level

Information is not investment advice

In April, USD/CHF broke above the resistance line connecting 2018 and 2019 highs in the 1.0130 area. This was a significant resistance and now will be significant support. The pair may find demand around 1.0300 and then turn up to 1.0250 and 1.03. Here are 2 trade ideas: one involving buying at lower levels and another buying on the break higher.

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Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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