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FX.co ★ USDCHF H4 | Bullish Continuation Expected?

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Forex Analysis:::2023-11-10T03:51:54

USDCHF H4 | Bullish Continuation Expected?

USDCHF H4 | Bullish Continuation Expected?

The USD/CHF chart shows bullish momentum, targeting the 1st resistance. The 1st support at 0.8982, an overlap support, is a key potential buying area. The 2nd support at 0.8945, also an overlap support, reinforced by the 78.60% Fibonacci Retracement, is crucial as well. On the resistance side, the 1st resistance at 0.9069, an overlap resistance, might bring selling pressure. The 2nd resistance at 0.9106, a multi-swing high resistance, could hinder further bullish movement.

Analyst InstaForex
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