USD/CHF: 'V-Bottom' pushing price higher

USD/CHF: 'V-Bottom' pushing price higher

Information is not investment advice

There's a 'V-Bottom' pattern, which has been confirmed, so the market is rising. The main intraday target is the nearest resistance at 0.9962 - 0.9980. If a pullback from this area happens next, bears are likely going to reach another support at 0.9904 - 0.9893, which could be a starting point for a larger bullish correction.

22-3-2019-CHF-H4-0.png

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