USD/CHF extends the rebound from a fresh monthly low (0.8974) to trade back above the 50-Day SMA (0.8974).
USD/CHF Rate Outlook
It remains to be seen if USD/CHF carves will track the positive slope in the moving average as it carves a series of higher highs and lows following the failed attempt to break/close below the 0.8890 (38.2% Fibonacci retracement) to 0.8930 (23.6% Fibonacci retracement) region, with a move above the 0.9000 (50% Fibonacci retracement) to 0.9030 (38.2% Fibonacci extension) area opening up the 0.9100 (61.8% Fibonacci retracement) handle.
Next region of interest comes in around 0.9160 (38.2% Fibonacci retracement) to 0.9180 (23.6% Fibonacci extension), but the rebound from the monthly low (0.8974) may unravel if USD/CHF fails to retain the bullish price series.
A close below the 0.8890 (38.2% Fibonacci retracement) to 0.8930 (23.6% Fibonacci retracement) region brings the September low (0.8796) on the radar, with the next area of interest coming in around 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension).
USD/CHF Rate Outlook
It remains to be seen if USD/CHF carves will track the positive slope in the moving average as it carves a series of higher highs and lows following the failed attempt to break/close below the 0.8890 (38.2% Fibonacci retracement) to 0.8930 (23.6% Fibonacci retracement) region, with a move above the 0.9000 (50% Fibonacci retracement) to 0.9030 (38.2% Fibonacci extension) area opening up the 0.9100 (61.8% Fibonacci retracement) handle.
Next region of interest comes in around 0.9160 (38.2% Fibonacci retracement) to 0.9180 (23.6% Fibonacci extension), but the rebound from the monthly low (0.8974) may unravel if USD/CHF fails to retain the bullish price series.
A close below the 0.8890 (38.2% Fibonacci retracement) to 0.8930 (23.6% Fibonacci retracement) region brings the September low (0.8796) on the radar, with the next area of interest coming in around 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension).
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.