USD/CHF: price to test nearest support

USD/CHF: price to test nearest support

Information is not investment advice

The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed. Thus, it's likely to have a local downward correction towards the nearest support at 1.0098 - 0.0083. If a pullback from these levels happens next, there'll be a moment for another decline. In this case, we should watch the closest resistance at 1.0169 - 1.0190 as a potential bullish target.

19-4-2019-CHF-H4.png

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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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