Aurum Markets Blog Technical Analysis USDCHF approaching resistance of a Channel Up

USDCHF approaching resistance of a Channel Up

USDCHF approaching resistance of a Channel Up post thumbnail image

USDCHF is heading towards the resistance line of a Channel Up. If this movement continues, the price of USDCHF could test 0.9228 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Upward sloping Moving Average

Target: 0.9228 Entry: 0.9102 Stop: 0.9002

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