The USD/CHF chart shows a bullish momentum by breaking through the 1st resistance, suggesting the potential for upward movement.
There is a possibility of a bullish momentum towards the 2nd resistance level at 0.6637, which is an overlap resistance. This resistance level gains strength from the presence of the 61.80% Fibonacci Retracement.
On the downside, the 1st support level at 0.89079 is an overlap support, while the 2nd support level at 0.88614 is an overlap support close to the 78.6% Fibonacci Projection.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/CHF chart shows a bullish momentum by breaking through the 1st resistance, suggesting the potential for upward movement.
There is a possibility of a bullish momentum towards the 2nd resistance level at 0.6637, which is an overlap resistance. This resistance level gains strength from the presence of the 61.80% Fibonacci Retracement.
On the downside, the 1st support level at 0.89079 is an overlap support, while the 2nd support level at 0.88614 is an overlap support close to the 78.6% Fibonacci Projection.
The material has been provided by InstaForex Company – www.instaforex.com
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