USD/CHF Setting up a weekly reversal candle
USD/CHF rallied today after the SNB cut rates for a second meeting in a row.
The swap rate on this pair is attractive already. The two year inflation targets set by the central bank suggests the easing cycle might not be finished.
A hold above 0.8900 into the weekly close would result in a reversal candlestick. A reversal candlestick pattern has already printed on a daily chart.
First target near 0.91. A break could see the pair extend towards resistance near 0.94.
The swap rate on this pair is attractive already. The two year inflation targets set by the central bank suggests the easing cycle might not be finished.
A hold above 0.8900 into the weekly close would result in a reversal candlestick. A reversal candlestick pattern has already printed on a daily chart.
First target near 0.91. A break could see the pair extend towards resistance near 0.94.
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