USDCHF: Triple Top Pattern

USDCHF, Weekly

In the Weekly timeframe, USDCHF formed a triple-top pattern. The price reached a critical resistance area before the US NFP announcement and crossed the upper Bollinger line. William's %R also indicates overbought.

• A break and consolidation above 0.9150 resistance will open the way for a rise to 0.9400;

• A rebound from the resistance will bring the price back to 0.8820;