Last week in USDCHF we saw the pair to continue moving within a range.
As we can see from the chart, we can see at three possible scenarios.
1) Price keeps ranging between the highlighted range.
2) An ascending triangle has been formed, and if the price breaks out in the north direction with a test of 0.99710 resistance turned support, we'll then look for our next target as 1.00413
3) If we get a breakout at the bottom, we'll then look selling opportunities with a retest at 0.98969 price zone with our target set at 0.97905
But, since we are looking for the strength in DXY, I 'm looking forward to a break in upper side.
One should get enough confirmations before entering the trade on either side.
As we can see from the chart, we can see at three possible scenarios.
1) Price keeps ranging between the highlighted range.
2) An ascending triangle has been formed, and if the price breaks out in the north direction with a test of 0.99710 resistance turned support, we'll then look for our next target as 1.00413
3) If we get a breakout at the bottom, we'll then look selling opportunities with a retest at 0.98969 price zone with our target set at 0.97905
But, since we are looking for the strength in DXY, I 'm looking forward to a break in upper side.
One should get enough confirmations before entering the trade on either side.