Aurum Markets Blog Technical Analysis USDCHF breakout through resistance

USDCHF breakout through resistance

USDCHF breakout through resistance post thumbnail image

USDCHF has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 0.8830 within the next 7 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 0.883 Entry: 0.8812 Stop: 0.8795

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