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USDCHF maintaining a positive tone

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USDCHF is in a strong uptrend, boosted by recent talks about possible rate hike in December and a very positive NFP data last Friday. Technically we see a bullish zigzag and a confluence of L3, WPP and previous breakout-retest zone which makes a POC. POC is 0.9975-0.9995 zone and rejection from the zone targets 1.0180. If the pair closes above 1.0180 it should proceed to 1.0290. 0.9915 is a strong support (L4, EMA 89, Trend line) and it needs to hold for the price to remain bullish.

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