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  • Friday 12 April 2019

    Dollar Swiss(USDCHF) climbs back to its highs

    The Dollar Swiss pair has been pushing on a bullish note the last two weeks as the pair has reached back above 1.000  level highs, despite the selling of the dollar in the which was caused by the Fed Speech on the dollar interest rate decision.

    The pair has been moving in a wedge formation which is very much likely to create a lot of divergence in the pair, the divergence will soon cause a very strong sell as price currently sits on the OTE zone and has already found some great rejection from the zone.

    The First selling zone for the pair has been marked with purple rectangle in which is marks the Optimal Trade Entry level for our first trade entry level, if price finds its way above the marked level, we will be looking forward to adding more sell positions at the green marked sell zone.

    Sifiso Nkwanyana

    Author & Editor

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