USDCHF: Tastefully Bullish
Updated
Fundmentals:
See previous analysis of the US dollar....
Technicals:
Horizontal support
Divergence
Rising RSI and other indicators
Rising Trendline
a-b-c extension fulfillment
Possible Wave 2
61.8% support confluence with horizontal support
Target:
Upper part of the rising daily channel @ 0.9415 to 0.96, where I believe the minimum limits of wave 3 starts to end if there is a push toward that level from where price is now on the daily chart.
***This thesis is barring that forth coming macroeconomic data releases confirm a durable and resilient economy in NFP if not forward guidance and/or positive market speculation on the pace and size of US Fed tightening by March 2022 or April 2022.***
See previous analysis of the US dollar....
Technicals:
Horizontal support
Divergence
Rising RSI and other indicators
Rising Trendline
a-b-c extension fulfillment
Possible Wave 2
61.8% support confluence with horizontal support
Target:
Upper part of the rising daily channel @ 0.9415 to 0.96, where I believe the minimum limits of wave 3 starts to end if there is a push toward that level from where price is now on the daily chart.
***This thesis is barring that forth coming macroeconomic data releases confirm a durable and resilient economy in NFP if not forward guidance and/or positive market speculation on the pace and size of US Fed tightening by March 2022 or April 2022.***
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