A New Trend Reversal for USDCHF This Week?
USDCHF has repeatedly failed to break above the resistance area of 0.93407-0.93476 on the hourly chart.
Now, Heikin Ashi chart indicates a beginning of a trend reversal. So, the levels of 0.93217-0.93170 and 0.92998 are the next targets of the USDCHF pullback move.
On the flip side, a breakout above the blue shaded area may invalidate the pervious hypothesis and will target the levels of 0.93754-0.93799 then.
(Support & resistance and Fibonacci levels are based on the candlestick chart.)
Now, Heikin Ashi chart indicates a beginning of a trend reversal. So, the levels of 0.93217-0.93170 and 0.92998 are the next targets of the USDCHF pullback move.
On the flip side, a breakout above the blue shaded area may invalidate the pervious hypothesis and will target the levels of 0.93754-0.93799 then.
(Support & resistance and Fibonacci levels are based on the candlestick chart.)
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