USDCHF is heading towards the support line of a Flag and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Target: 0.8496 Entry: 0.8515 Stop: 0.8538