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Posts with Tag ‘usd/chf’
USDCHF (1.0069): USDCHF posted a strong reversal off the 1.0061 – 1.0014 support level and could see a near-term move to the upside. Expect USDCHF to continue making a minor correction to the upside towards 1.0231 – 1.0166 region where a potential reversal could take place thus forming the right shoulder of this evolving head and shoulders pattern. This could potentially mark the start of a correction lower towards 0.9850. However, failure to post a lower high near 1.0231 – 1.0166 could see USDCHF rally back towards 1.0290 which will be the.. full story from forexcrunch.com here
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