The USD/CHF has been straddling along the ascending trend line in low volatility conditions as the majority of FX markets are.

USDCHF

 

Low volatility and lack of momentum in the FX market pose a real hurdle to intraday traders. Compared to major indices such as Nikkei and DOW, Forex market looks like a snail. The USD/CHF shows a potential bounce, but for that, we need volatility. 0.9920-30 is the POC zone, and the target is 0.9970-85. If the price closes above W H4 0.9967 then tomorrow we might see 1.0011.

USDCHF

 

 


 

The analysis has been done with the CAMMACD.MTF template.

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