USDCHF had made a bullish exit, watch for a potential rise!
USDCHF has made a bullish exit of its descending resistance-turned-support line signalling that we could be seeing some bullishness. However, we're seeing major resistance at 0.9405 (23.6% long term fibonacci retracement, 100% fibonacci extrrension, horizontal swing high resistance) that needs to be broken before opening up a potential rise to 0.9459 (Fibonacci extension, horizontal swing high resistance).
Our 1st major support is at 0.9359 (23.6% Fibonacci retracement, horizontal swing low support) before our next support at 0.9322 (38.2% Fibonacci retracement, horizontal overlap support).
RSI (55) has made a bullish exit signalling potential change in momentum from bearish to bullish and also sees ascending support hold up our long term bullish momentum.
Our 1st major support is at 0.9359 (23.6% Fibonacci retracement, horizontal swing low support) before our next support at 0.9322 (38.2% Fibonacci retracement, horizontal overlap support).
RSI (55) has made a bullish exit signalling potential change in momentum from bearish to bullish and also sees ascending support hold up our long term bullish momentum.
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