USDCHF - The upper hand
USDCHF (1H) - short term bullish bias
The sell-off on 18 November might have made some buyers nervous but the greenback actually found enough support near the demand area of 0.9870 to make a comeback. As the pair rallied above the immediate resistance of 0.9910, one may expect the US dollar to have gained the upper hand. The latest consolidation is a sign that more buyers are getting in the game and today's attempt at 0.9920 is a signal that the price is about to take off.
Key support: 0.9890
Key resistance: 0.9940
The sell-off on 18 November might have made some buyers nervous but the greenback actually found enough support near the demand area of 0.9870 to make a comeback. As the pair rallied above the immediate resistance of 0.9910, one may expect the US dollar to have gained the upper hand. The latest consolidation is a sign that more buyers are getting in the game and today's attempt at 0.9920 is a signal that the price is about to take off.
Key support: 0.9890
Key resistance: 0.9940
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