The situation on the market remains unchanged. The USD/CHF has been consolidation for about 2 weeks – in the context of an uptrend. A movement to the upside would strengthen the bullish bias, while a movement to the downside will render it invalid.
A rise in volatility is expected today or next week. There is a Bullish Confirmation Pattern in the 4-hour chart. Price may rise again, possibly reaching the resistance level at 1.0050 and breaching it to the upside. On the other hand, further ranging movement could result in a neutral outlook on the market.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
The situation on the market remains unchanged. The USD/CHF has been consolidation for about 2 weeks – in the context of an uptrend. A movement to the upside would strengthen the bullish bias, while a movement to the downside will render it invalid.
A rise in volatility is expected today or next week. There is a Bullish Confirmation Pattern in the 4-hour chart. Price may rise again, possibly reaching the resistance level at 1.0050 and breaching it to the upside. On the other hand, further ranging movement could result in a neutral outlook on the market.
The material has been provided by InstaForex Company – www.instaforex.com
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