USD/CHF - Supported by Marabuzo line. .9935 targeted

Alan Collins 3cAnalysis

The importance of investor buying at Thursday’s Marabuzo line was emphasised Tuesday. Using that as a platform USDCHF saw a strong improvement of almost a big figure – a move that took prices through the 13 day mvg avg to seriously test the 100/200 day mvg avg area. Those lines were not clearly breached, but while that adds a note of caution signals for sentiment are left bullish. So, this morning’s call is Bullish from the open but leaving room to also buy a .9851 dip, the 13 day mvg avg . The risk is .9820 with upside targets of .9909, Jan 4th high, .9935 or even .9964, the 3 week peak.

Testing Averages

Author

Alan Collins

3cAnalysis

Alan has been involved in the financial markets for more than 30-years.

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