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USD/CHF Bullish Bounce at W H4 Pivot

Nenad Kerkez
Updated

>> The USD/CHF has made a POC zone exactly at the W H4/ M L1 confluence zone. 0.9645-55 is the spot where we might see a continuation.<<

Bullish continuation suggests further upward momentum, but traders need to pay attention to the FED rate decision and FOMC statement today. The FED rate hike has already been priced in the market and even if the USD/CHF dips during the FOMC presser, I think that the dip will be bought. The target is 0.9740.

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This article was originally posted on FX Empire

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