Chart of The Day 05-09-2016 USDCHF

Chart of The Day 05-09-2016 USDCHF

On the USDHF chart we see a move above 0.9700 level and the pair is breaking falling wedge formation (bullish) but for confirmation for a move to 1.0000 we need a break above 100 SMA (RED LINE) 0.9846.

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USDCHF

 

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