$USDCHF - Trend Change Retest & Reversal
$USDCHF Folks, this is BIG. USD FED rate hike announcement coincides with price action retest of bottom bounce of long term sloping trend line. Is this a coincidence ? or is the FED massaging the FX market ? Look at this monthly chart. Price action broke below $97.00 level and quickly rebounded above the trend line, which is likely attributed to a possible trend change direction, after experiencing a drawn out erosion since January highs of $1.02 levels. I foresee a bullish recovery over the next few months for this pair with a possible retest of new highs set at the $1.0315 level. A strong USD ? Imagine where that puts oil prices in USD...$25.00 ?
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