USDCHF - CONTINUATION OF BULLISH TREND?
Symbol - USDCHF
The USDCHF pair is currently entering the realization phase following an extended period of correction. A favorable environment has been established by the ongoing uptrend and the strengthening of the dollar. The technical outlook on the daily timeframe is positive. After breaking through trend resistance, the price retested the previously breached level. Following a false breakout, the pair successfully consolidated above this key point, establishing an interim low and signaling potential for further gains.
From a technical perspective, attention is now focused on the resistance level at 0.9110. Should the bulls manage to surpass this zone and establish a sustained break above it, the pair could potentially rise toward 0.9180–0.9300
Resistance levels: 0.9110
Support levels: 0.9050
Prior to breaking through the resistance, the currency pair may test the support level at 0.9050, driven by liquidity beneath this area. However, a decisive move above 0.9110 could serve as the catalyst for further upward momentum.
The USDCHF pair is currently entering the realization phase following an extended period of correction. A favorable environment has been established by the ongoing uptrend and the strengthening of the dollar. The technical outlook on the daily timeframe is positive. After breaking through trend resistance, the price retested the previously breached level. Following a false breakout, the pair successfully consolidated above this key point, establishing an interim low and signaling potential for further gains.
From a technical perspective, attention is now focused on the resistance level at 0.9110. Should the bulls manage to surpass this zone and establish a sustained break above it, the pair could potentially rise toward 0.9180–0.9300
Resistance levels: 0.9110
Support levels: 0.9050
Prior to breaking through the resistance, the currency pair may test the support level at 0.9050, driven by liquidity beneath this area. However, a decisive move above 0.9110 could serve as the catalyst for further upward momentum.
Trade attivo
Entry Triggered at 0.9075 support retest.
I will add more position at 0.9050 and Hold with SL 0.9035
Trade chiuso: obiettivo raggiunto
CMP 0.9190
Trading idea worked as anticipated. Long position +115 pips as of now.
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