Cabana Capitals Blog Technical Analysis Resistance breakout on USDCHF

Resistance breakout on USDCHF

Resistance breakout on USDCHF post thumbnail image

USDCHF has broken through a resistance line. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 0.8567 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Upward sloping Moving Average

Target: 0.8567 Entry: 0.8527 Stop: 0.848

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