USDCHF – Key Support Level Holding | Apr 21

USDCHF – Last Chance Saloon/Support? (4hr chart)
We’ve talked about the 9500 level being a key support level to buy and last week we got a solid bounce there. The pair retested the level today only for bids to step in just above it.

I’m maintaining a cautious bullish bias while we are above this level on a daily closing basis. Upside bulls will need to touch 96 to add some bullish risk to the table. If they can clear this, then we should see 9715 and potentially an attack on 98+.

A daily close below this level however changes the bias back to the bear side.

usdchf

Read my latest article on What You’ll Learn From Trading Successfully.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article