– USDCHF reversed from support level 0.8400
– Likely to rise to resistance level 0.8700
USDCHF currency pair recently reversed up with the weekly Piercing Line from the key support level 0.8400.
The support level 0.8400 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down channel from the start of last year.
Given the strong Swiss franc sales, USDCHF can be expected to rise further to the next resistance level 0.8700 (former support from the end of last year).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies