Inside Bar Price Action on the USDCHF FX Pair

After reaching a low of 1.0010 on the 15th of July, the US/Swiss has proceeded to march upwards on the back of significant US Dollar Strength.

Price action on the 28th of November has produced a Mother Candle (Outside Bar) as the pair seeks to consolidate from a recent dip.

The last 4 Daily Bars have all been Inside Bar Days (that is, they have formed within the range of the Mother Candle.)

The range of the Outside Bar is a High of 1.2199 and  a Low of 1.1960.

Traders should keep on eye on these levels as they could prove significant in any short term breakouts.

US Swiss Daily Chart


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