USDCHF break after FOMC
On Wednesday, we saw the Fed's decision to leave interest rates unchanged until the end of 2023.
This led to a low in price of the USD everywhere, but only within an hour. Then we see a rise again in USDCHF.
We are currently in a downward movement of H1, as the resistance trend line has been broken.
The levels before the start of Powell's press conference were also broken.
This allows us to expect that the upward movement will have the strength to continue.
In order to receive confirmation, the price must break the previous peak!
In case of a breakout we expect an increase to 0.9352 and 0.9408!
LIKE AND COMMENT - this is how you help us!
This led to a low in price of the USD everywhere, but only within an hour. Then we see a rise again in USDCHF.
We are currently in a downward movement of H1, as the resistance trend line has been broken.
The levels before the start of Powell's press conference were also broken.
This allows us to expect that the upward movement will have the strength to continue.
In order to receive confirmation, the price must break the previous peak!
In case of a breakout we expect an increase to 0.9352 and 0.9408!
LIKE AND COMMENT - this is how you help us!
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