USD/CHF, Daily Chart Analysis 5/13
Implications and Outlook
1. Bounce momentum likely to Key Resistance 1.00490 from here as Swissy is prone to drop to Mean Support of 0.98670
2. Price action is continually confirming the value of the completion of the intermediate-term Currency Rally 1.00560.
3. The violation of the intermediate-term Currency Rally will undoubtedly bring robust short-term bullish implications, having upside targets to next Currency Rally 1.01450.
4. Current bearish/bullish bias is 60/40
1. Bounce momentum likely to Key Resistance 1.00490 from here as Swissy is prone to drop to Mean Support of 0.98670
2. Price action is continually confirming the value of the completion of the intermediate-term Currency Rally 1.00560.
3. The violation of the intermediate-term Currency Rally will undoubtedly bring robust short-term bullish implications, having upside targets to next Currency Rally 1.01450.
4. Current bearish/bullish bias is 60/40
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