Friday 13th December

The CHF is also know as a safe haven currency. With the USD regaining some strength this provides opportunity to buy against other currency pairs.

The USDCHF has now broken out of a key structure

USDCHF – Daily Charts

USDCHF 1 Hour Charts

The pair have now broken out of a descending wedge at the 61.8% FIB Level.

We will look to enter a buy position with a tight stop loss of 0.9815 and a take profit of 0.9940.