- Bull pennant breakout on the 15-min chart has opened a door for 0.9950 (pole height added to breakout price).
- So, USD/CHF looks set to scale 0.9889 – inverse head-and-shoulders neckline.
- The bullish setup indicates the pullback from the recent high of 1.00563 has ended.
15-minute chart
Spot Rate: 0.9870
Daily High: 0.9875
Daily Low: 0.9850
Trend: Bullish
R1: 0.9889 (inverse head-and-shoulders neckline)
R2: 0.9937 (4H 200MA)
R3: 0.9983 (May 29 high resistance on 4H)
Support
S1: 0.9857 (4H 50MA)
S2: 0.9826 (May 31 low support on 4H)
S3: 0.9788 (recent low)
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