The USDCHF is in a strong uptrend, boosted by recent talks about possible rate hike in December and a very positive NFP data last Friday.

Technically we see a bullish zigzag and a confluence of L3, WPP and previous breakout-retest zone which makes a POC. POC is 0.9975-0.9995 zone and rejection from the zone targets 1.0180. If the pair closes above 1.0180 it should proceed to 1.0290. 0.9915 is a strong support (L4, EMA 89, Trend line) and it needs to hold for the price to remain bullish.

USDCHF

The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.

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