USD/CHF Weekly Technical Report 30/11/2015
ecPulse
2015-11-30 11:53AM UTC
In line with our bullish scenario suggested for short-term basis, USDCHF has finally succeeded in clearing 113% Fibonacci as seen on the provided daily chart.
The daily closing seen on Friday should trigger additional upside actions towards 127% Fibonacci at 1.0410.
We can notice that, RSI14 is showing extreme overbought sign, but ADX remains positive strongly along with positivity on bigger intervals.
We believe that, USDCHF may test 113% once again before resuming the bullishness once again.
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