USD/CHF Possible Long

19 de jun. de 2021

King DXY is back, for now.....With the fed mentioning interest rate hikes near 2023 the dollar has become quite the gainer. USD/CHF failed to fall below the .786 extension for four weeks forming a strong support level. Thursday and Friday the dollar failed to retrace meaning a pullback is imminent. I'm expecting a pullback near .91150 or the .5 extension with targets up near the -.27 extension or .96658. This is a weekly timeframe so patience is key. Happy trading.