USDCHF makes a break for it. What next? ...Middle East

The USDCHF is making a break for it.The break comes on the move above the swing area high and 0.9156. The last 15 or so trading days has been able to stay below that level in between there was a flash out back toward the 38.2% retracement of the longer-term move down from the 2022 high as 0.9025, but now was quickly reversed (see daily chart above).There's a key target area on the daily chart comes in at 0.92395. That little represents the 50% midpoint as well as swing highs going back to October 3 in October 4 between 0.9232 in 0.9244 (brackets in the 50% midpoint).Looking at the hourly chart below, the price earlier today moved up to test the high of the swing area only to rotate back down

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Last updated : 30 April 2024 clock 07:37 PM

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