FX.co ★ USD/CHF analysis for June 26, 2018

Recently, USD/CHF has been trading upwards. As I expected, the price tested the level of 0.9892. According to the H1 time - frame, I found a potential end of the downward correction (abc flat) and a valid breakout of the failling wedge in the background, which is a sign that selling looks very risky. I also found a hidden bullish divergence on the MACD oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 0.9924 and at the price of 0.9983.

Resistance levels: R1: 0.9888R2: 0.9906R3: 0.9922

Support levels: S1: 0.9854S2: 0.9838S3: 0.9820

Trading recommendations for today: watch for potential buying opportunities.