USDCHF Breaking Higher
USDCHF is coming higher, now breaking some big and important trendline connected from 2022 highs on a daily chart, where a breakout would lead to higher prices within big triangle range. Looking at the 4-hour chart, seems like pair is unfolding impulsive up from the lows, currently with an extended black wave 3 in progress, but since it contains five subwaves, we think there sooner or later there can be a new pullback. Support on dips is at 0.9.
Grega
source www.wavetraders.com
On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
