The US dollar strength is no secret. Greenbacks are appreciating against every under the sun these weeks. Since a couple of days though the dollar has been consolidating against Swiss Franc, completing a classic two-leg as the 4 hour chart shows.
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$USDCHF 4h chart: Can it come out of the corrective move? |
Now price is testing the short-term down-trend line. A break indicates the end of this correction and signal a buying opportunity. I would expect the $USDCHF to continue its uptrend towards the longer term targets.
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Weekly chart: I use the channels as profit targets |
*All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks!
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