• Joseph Barreca

USD/CHF Analysis - Bullish?

Starting the day with USD/CHF

Everybody that trades with me knows I love a good technical chart and looking at a naked chart of USD/CHF, I do see signed that this market could turn bullish.

Price has come down to retest the support at 0.90405 which also lines up with a 3rd touch of the trendline. We can see that Mondays candle closed as a small rejection which indicates bearish momentum has now slowed down.

Given these few reasons I'm expecting a push to 0.91350 resistance before a bearish continuation will come into play.

USD/CHF Bias - Bullish

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