USD/CHF
The United States dollar – Swiss Franc pair continues its southward journey as part of a downwards trend that,technically, could present stagnation and change its trend, which has formed a fractal 0.9299, and 0.9325 levels, this movement could be the formation of a fractal and bounce upward or continue your journey to a new wave of downward movements deeper . for this we will be very attentive.
It is possible to enter a buy deal already at the present price levels, although another wave downwards the important support level at 0.9340 is also likely. Such a move will serve us to increase the buy position with a brief stop loss order set around the 0.9300 level. A partial realization can be carried out next to the nearest 0.9513 resistance monthly pivot level, should the expected upward movement indeed occur.