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DannyBly

USD/CHF Volatility Breakout on the Horizon

By DannyBly, in Forex

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DannyBly    10

DannyBly
Posted

Pressure building up in the USD/CHF horizontal channel between the near support of 1.1710 and the multiple top resistance level of 1.1804.

 

Recent upmove is also contained within the larger upward sloping channel displayed in the chart.

 

Momentum still in bullish territory as reflected by RSI - above 50 but flatish. I'm looking for significant follow through to the upside if the 1.1804 level can be violated -

 

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