On the USD/CHF daily chart, the “bears” failed to send the quotes below the support at 1.0045. At the present moment, there is a struggle for an important level of 1.01. A successful test of this level can lead to the continuation of the rally towards 1.016 and 1.0245.
In contrast, the pullback can lead to the breakout of the lower boundary of the upward trading channel and the transformation of the “Shark” pattern into 5-0.
On the USD/CHF hourly chart, an expanding wedge pattern can be formed. To form its, the “bears” should send the quotes below the support at 1.001. The key resistance is located near the 1.016 mark.
Recommendations:
SELL 1,001 SL 1,0065 TP 0,986,
BUY 1,016 SL 1,0105 TP 1,0245 TP2 1,0295.
Origin: FX BAZOOKA
