I am looking for a continuation of the uptrend on the USDCHF. At the moment 1.0390 to 1.0400 seems to be providing some resistance. A break above this level should see a push towards the next targeted sell level at 1.0486. As the market approaches the sell area, monitor the price action for a failure off of that zone for a bounce back towards 1.0400 again.
Dustin
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.