USD/CHF extends the rebound from the August low (0.7986) to carve a series of higher highs and lows, and a move/close above the 0.8030 (38.2% Fibonacci extension) to 0.8080 (23.6% Fibonacci retracement) zone may push the exchange rate toward the August high (0.8172).
A move/close above 0.8200 (23.6% Fibonacci extension) opens up the June high (0.8250), with the next area of interest coming in around 0.8350 (100% Fibonacci extension) to 0.8360 (100% Fibonacci extension).
However, the recent rebound in USD/CHF may unravel if it struggles to push/close above the 0.8030 (38.2% Fibonacci extension) to 0.8080 (23.6% Fibonacci retracement) zone, and failure to hold above the August low (0.7986) brings 0.7900 (50% Fibonacci extension) on the radar.
--- Written by David Song, Senior Strategist at FOREX.com
A move/close above 0.8200 (23.6% Fibonacci extension) opens up the June high (0.8250), with the next area of interest coming in around 0.8350 (100% Fibonacci extension) to 0.8360 (100% Fibonacci extension).
However, the recent rebound in USD/CHF may unravel if it struggles to push/close above the 0.8030 (38.2% Fibonacci extension) to 0.8080 (23.6% Fibonacci retracement) zone, and failure to hold above the August low (0.7986) brings 0.7900 (50% Fibonacci extension) on the radar.
--- Written by David Song, Senior Strategist at FOREX.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.