💱 USDCHF - Growth. Possible rollback
The USDCHF is approaching strong resistance. Earlier the price broke the global downtrend and is starting to form an uptrending price channel
TA on the high timeframe:
1) Friday's daily candle closes near the strong resistance level of 0.89952 - the premise is that the market is preparing to continue moving
2) After overcoming the level of 0.8995, a strong impulse and a surge in volume could be formed.
3) Fundamentally, the currency pair is influenced by the positive factors
TA on the low timeframe:
1) Price makes a retest of resistance at 0.8995. The level is the upper border of the range, and at the moment it plays the key role, so I expect a small pullback with the following growth continuation.
2) The price is in the ascending price channel - bullish potential appears
3) The pullback may be to the level of 0.89500
4) growth may continue from the support
Key resistance: 0.89950
Key support: 0.8972, 0.8950
TA on the high timeframe:
1) Friday's daily candle closes near the strong resistance level of 0.89952 - the premise is that the market is preparing to continue moving
2) After overcoming the level of 0.8995, a strong impulse and a surge in volume could be formed.
3) Fundamentally, the currency pair is influenced by the positive factors
TA on the low timeframe:
1) Price makes a retest of resistance at 0.8995. The level is the upper border of the range, and at the moment it plays the key role, so I expect a small pullback with the following growth continuation.
2) The price is in the ascending price channel - bullish potential appears
3) The pullback may be to the level of 0.89500
4) growth may continue from the support
Key resistance: 0.89950
Key support: 0.8972, 0.8950
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