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USD/CHF: 'Shooting Star' led to correction

USD/CHF: 'Shooting Star' led to correction

Information is not investment advice

There's a 'Shooting Star', which led to the current bearish correction, so we should watch the nearest support at 1.0094 as a potential target. If a pullback from this level happens next, bulls will probably try to deliver another advance. In this case, it's likely that the market is going to reach the nearest resistance at 1.0260 in the short term.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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