USDCHF – Daily Forex Technicals by ForexHound.com May27th

USDCHF has reached what seems to be a mid term bottom, after bouncing from just above the 1.02 area it has retraced to a trendline connecting previous swing highs, a break of this resistance trendline will give the pair additional momentum  and we’ll see a probable stronger push higher. USDCHF has reached what seems to be a mid term bottom, after bouncing from just above the 1.02 area it has retraced to a trendline connecting previous swing highs, a break of this resistance trendline will give the pair additional momentum  and we’ll see a probable stronger push higher. Conversely a failure to break higher will be the confirmation point of a bearish triangle aiming at the 1.00 psychological target level.

[NP][/NP]