- USDCHF has broken its weekly down trend line and it has also violated 20 week moving average.
- If week manage to close above the TL and 20 WMA then this move will sustain. And will target 50 week moving average which is near 0.9020 levels right now.
- Long weekly shadow at the bottom of the trend gave warning of a likely change in trend. They say everything is priced in and those who created that long shadow anticipated such a news weeks before it happened.