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USDCHF Might Be Resuming Its Bearish Run At Resistance

Buyers can still wait for an upside break of 1.0000 mark before liquidating their longs. In that case, October month high around 1.0030 and late-May top near 1.0100 will be on their radars.
If bears dominate below 0.9983, an upward sloping trend line since October 18, at 0.9875 will be the key as a break of which could recall the previous month low near 0.9835 to the charts.

USD/CHF moves higher, it is considered “risk on”. If the pair moves lower, it is considered “risk off”.

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25 Nov 2019 4:21 pm Posted by admin