Aurum Markets Blog Technical Analysis A potential bullish movement on USDCHF

A potential bullish movement on USDCHF

A potential bullish movement on USDCHF post thumbnail image

USDCHF was identified at around 0.817115 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8268 level.

Supported by Upward sloping Moving Average

Target: 0.8268 Entry: 0.8171 Stop: 0.813

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