Currently, price is trading around 0.9750 which is still close to breaking the highest high of 0.9780 but also falls below the resistance which give bears the advantage of stronger momentum.
Friday's NFP and Jobs data will leave an impact on the pair and that will give us a hint where the price is headed next. Until then, market sentiment remains bullish with price printing higher highs and higher lows.
Chart: USD/CHF H4
Let’s see if the NFP spurs more risk appetite.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDeleteThe pair will be very volatile tomorrow.
ReplyDeleteThanks for the information.
ReplyDeleteThank you for the relevant information.
ReplyDeleteThant's good to know, thank you for sharing!
ReplyDeleteInteresting analysis.
ReplyDeleteWell spotted! Thanks for sharing it.
ReplyDelete