Hello Forex Trader,
I just wanted to share with you my latest personal view on the USD/CHF WEEKLY CHART (07th-Jan-2020) market analysis.
On the weekly time frame we can see USD/CHF have been bouncing up and down inside an ascending channel. Price broke our dynamic support trend-line but still rejected at previous HIGH-LOW @0.96593
Right now this horizontal level which is active and repelling price upward is @0.96593
Now the questions are….
will the bears be able to pull price downward to break this potential support level??
Will the bull defend this zone by retesting our broken dynamic support which lies @ intersection of 0.98439 and move price back inside the channel?
Will the bears defend the dynamic broken support trend-line to now act as new dynamic resistance trend-line?
Well I will love to wait and see if the market will react accordingly to my TRADING STRATEGIES…
What do you think about this currency pairs?
Remember the comment box is all yours..👇