USDCHF Resistance Breakout At 0.88839. 20.06.2024

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USDCHF Resistance Breakout At 0.88839. 20.06.2024 by BDSwiss_Academy on TradingView.com

Post-CHF Interest Rate Announcement Trading Update:

USD/CHF Resistance Breakout: Observed on the 1-hour chart at 0.88839.

Upside Potential: If breakout holds, potential target at 0.89254.
Further breakout above 0.89254 could lead to a target of 0.89781.

Downside Risk: Failure of breakout may lead to a decline towards 0.88513.
Break below 0.88513 could extend the decline to 0.88257.

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Risk Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. General Risk Disclosure