US dollar to Swiss franc currency pair trend still remains downward and this week brought another test of the support at 0.95, where doji candle with long lower shadow penetrated more than 50-pips range below mentioned level.
Try out XM account and get free $30 bonus without any deposit
The closure took place below and the breakout was a fake one. To confirm this fact, price rebounded and was increasing during two next sessions, which are targeting 0.9785 resistance.
If above mentioned resistance and dynamic trend line will be defeated, bulls should push the price even higher. That would confirm the double bottom pattern near 1.0090. Before that we can see a round resistance at 1.00.
Alternatively, move below the doji candle will open the road to further decreases, even to 0.9260 support.
