USDCHF: Important Decision Ahead 🇺🇸🇨🇭

14 Okt 2022

Update for USDCHF.
The price is currently stuck between 2 important structures.
From one side, we have 1.003 - 1.006 resistance.
From another, 0.9935 - 0.997 support and a rising trend line.

If the price breaks and closes above the underlined resistance,
a bullish continuation will be expected to 1.02 level.

If the price breaks a horizontal and vertical support,
a bearish move will be expected to 0.98.

Wait for a breakout, traders.
That is the best strategy to follow now.

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