- USD/CHF moves 0.22% higher today as USD strength dominates.
- The pair performed a perfect pattern retest to move higher.
USD/CHF has been pushing higher as risk sentiment in financial markets is improving.
It seems that as the trade war rhetoric improves more and more investors are moving away from safe-haven assets.
As you can see from the 4-hour chart below. There was a triangle pattern forming which was breached.
The pattern was highlighted to readers on Thursday.
1-Hour Chart Close Up
On the close up on the hourly chart you can see a textbook hammer candle from right at the trendline.
Now the price is looking to test the wave highs but is showing some small signs of exhaustion.
|Today last price||0.9966|
|Today Daily Change||0.0017|
|Today Daily Change %||0.17|
|Today daily open||0.9949|
|Previous Daily High||0.9976|
|Previous Daily Low||0.9909|
|Previous Weekly High||0.997|
|Previous Weekly Low||0.985|
|Previous Monthly High||1.0028|
|Previous Monthly Low||0.9837|
|Daily Fibonacci 38.2%||0.995|
|Daily Fibonacci 61.8%||0.9935|
|Daily Pivot Point S1||0.9913|
|Daily Pivot Point S2||0.9878|
|Daily Pivot Point S3||0.9847|
|Daily Pivot Point R1||0.998|
|Daily Pivot Point R2||1.0012|
|Daily Pivot Point R3||1.0047|
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