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Trade Idea Update: USD/CHF - Buy at 0.9845

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 12, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has continued to move higher after breaking previous resistance at 0.9885, adding credence to our view that recent upmove from 0.9537 has resumed and further gain to 0.9940-50 would be seen, however, near term overbought condition should prevent sharp move beyond 0.9970 and reckon 1.0000 would hold.[​IMG]

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