USDCHF 4Hr
The USDCHF as broken out of the 0.9108 to 0.9037 trading range, prices may retest 0.9108 to test for selling pressure and if prices close below this level prices may go on to test of 0.9037.
Expecting prices to rise to around 0.9153 to 0.9169 before finding strong resistance. The price action at 0.9153 to 0.9169 should give us insight into the future direction of the market however 0.9169 represent the 1.618 retracement of wave 4 and 0.9153 represents an up move that is 0.618 of wave 3 in length hence 0.9153 to 0.9169 is a key price area to watch.
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