USDCHF moves inside the triangle. It lasts since January, from memorable event when the decision SNB suddenly greatly strengthened Swiss franc. So far, the movements are dynamic, but soon should decrease as the triangle will continue to keep price.

USDCHF-D1

Interval H1

After a drop, which lasted from August 11 to August 24, now began to rebound. Yesterday fibo 61,8% stopped upward movement. Near this level there is also resistance. Support that stopped the descent is on 0.9590. Break out lower band of consolidation will open the way to 0.9500. Alternatively break out upper band of consolidation will lead price to 0.9755 it is the nearest resistance and the fibo 78,6%.

USDCHF-H1

FXGROW_ang

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