MT4 - USDCHF is on a roll this week, continuing its recent rally to a high of 0.9799, breaking downtrend channel resistance and just a hairs length from 0.9810 resistance. Price patterns and potential for a bullish crossover would be further supportive of your renewed bullish view.
Rebounds are likely to meet resistance at 0.9810 (10th Aug high & uptrend channel), 0.9900 (2nd Aug high), 1.0000 (psychological resistance), 1.0070 (1st Dec 11’ pivot high), 1.0149 (2010 pivot), then 1.0294 (10th Sept 10’ high).
The first levels of support should be located at 0.9657 (key support), 0.9584 (5th July close, 6th July opening), 0.9419 (17th June low), 0.9369 (21st May Support), then 0.9183 (7th & 11th May low).
MT4 platform and analysis courtesy of Swissquote bank.
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