U.S. Dollar / Swiss FrancUpdated USDCHF - 240 - A range?
Quick idea.
Yesterday, after failing to stay above the 0.9763 territory, the pair shifted back down below the 200 EMA on the 4-hour chart. For now, we will remain neutral and wait for a break through one of our support or resistance levels. If the rate falls below the 0.9678 hurdle, this may clear the path to the lower side of a potential range. But if the 0.9763 barrier gets broken, this would confirm a forthcoming higher high and more buyers could join in.
Please see the chart for details.
Don't forget your stop-loss.
Yesterday, after failing to stay above the 0.9763 territory, the pair shifted back down below the 200 EMA on the 4-hour chart. For now, we will remain neutral and wait for a break through one of our support or resistance levels. If the rate falls below the 0.9678 hurdle, this may clear the path to the lower side of a potential range. But if the 0.9763 barrier gets broken, this would confirm a forthcoming higher high and more buyers could join in.
Please see the chart for details.
Don't forget your stop-loss.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.