• High demand for safe haven dollar pushed the pair significantly up
• Bulls got a successful breakout from the triangle to the upside
• They were also able to push the pair past the double top/resistance level at 0.94750
• Measuring distance between lowest/highest point of the triangle and projecting it from the breakout point, takes the USD/CHF towards parity.
• First resistance is met at 0.99 followed by parity level
• Bulls got a successful breakout from the triangle to the upside
• They were also able to push the pair past the double top/resistance level at 0.94750
• Measuring distance between lowest/highest point of the triangle and projecting it from the breakout point, takes the USD/CHF towards parity.
• First resistance is met at 0.99 followed by parity level
Ramzi Abou Abdallah, CFTe, CMT
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