Cabana Capitals Blog Technical Analysis Will USDCHF have enough momentum to break resistance?

Will USDCHF have enough momentum to break resistance?

Will USDCHF have enough momentum to break resistance? post thumbnail image

USDCHF is heading towards the resistance line of a Channel Up. If this movement continues, the price of USDCHF could test 0.9155 within the next 6 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Target: 0.9155 Entry: 0.9139 Stop: 0.9122

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