Hello Traders,
A quick look at our charts …
1. USD/CHF
The buyers behind USD/CHF are showing no sign of fatigue.
The week started slowly for the USD/CHF, and all of a sudden… BOOM!!!, price went up over +270 pips.
Price is already getting close to resistance level 0.97824, do you think the bulls are strong enough to destroy it?
If price breaks 0.97824, then we may have to wait and see if the buyers are also committed to breaking the second resistance level (0.98441), if price does, then we can go with the buyers to the next possible resistance level (0.99692).
On the other hand, if resistance level (0.97824) is able to stop these ambitious buyers, price may most likely reverse at this point and head back to support level 0.96264.
What do you think?
