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.