USDCHF Long - Final Appreciation

USDCHF has ranged for about 2 weeks time before the price broke above and rise beyond 1.00.
The price has begun another wave of retracement and will soon retest the top of the range.
USDCHF will soon climb into a 3-month supply zone where a high volume of selling strength would be available.
Also, notice that the dollar has been climbing for the 6th consecutive days and will soon reach an important supply zone just above 96.6.
Therefore, we can look at a short-term long for USDCHF, wait for the price to reach the supply zone, and reconsider to short at the top.

Yorum:

DIdn't expect the final wave to be like this.
It sure looks very much like USDJPY.