USD/CHF Classical 07.22
USD/CHF: The market could be in the process of carving out a material base after closing back above the 10-Day SMA on Monday for the first time since early June when the price was above 1.1600. This should be encouraging for bulls, and we look for some more bullish confirmation on a break above next key resistance by 1.0680 over the coming sessions. Back below 1.0400 would negate outlook and give reason for concern.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
If you wish to receive Joel's reports in a more timely fashion, e-mail email@example.com and you will be added to the " " list.
If you wish to discuss this topic or any other feel free to visit our Forum page
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.