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Apr 30, 2025

Trade ideas

USDCHF Breakout on the horizon!

USDCHF, Daily

CHFJPYDaily300425.png

The asset continues to hold in the uptrend, demonstrating stable growth. The price remains above the key MA-200 level, confirming the bulls' strength in the market. The chart shows the "Bull Flag" formation, which indicates a possible continuation of the uptrend.

  • If the price breaks the resistance level of 173.4, we can expect further growth to the next key level - 175.93.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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FBS Analyst Team

Author: FBS Analyst Team

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