USD/CHF starting to break out nicely, watch for a strong rise

The price has broken major descending resistance-turned-support line signaling a possible rise from here. However, we’re still seeing major resistance at 0.9406 (horizontal swing high resistance, Fibonacci retracement) and price needs to break this level to open a strong move upwards towards 0.9462 resistance (Fibonacci extension, horizontal swing high resistance). We’re seeing Ichimoku clouds support […]