USDCHF UPSIDE TO COME

17 Eki 2018

USDCHF has been stalling around the key support of 0.9860 for a few days now and with the likely hood of further hikes from the Federal Reserve the USD strength looks likely to continue in the near future. Looking at the chart technically we can see the market could be forming a double bottom pattern with the neckline sitting up at the structure resistance of 0.9920. If we see the market form a higher high breaking above the double bottom support we will likely see further upside with targets coming in at the weekly resistance of 1.0050.