FX.co ★ Technical analysis of USD/CHF for June 25, 2018

The USD/CHF now in a Daily Charts looks like making a consolidation (more to be a Descending Triangle). If We look at the previous Consolidation at the left yellow box and match to the new consolidation at the right yellow box, We can assume there will be a significant movement (maybe a breakout) in July 14, 2018, as We know that day is one day after the New Moon & Moon Perigee phenomenon that affects significantly the EUR/USD. Basing on this fact, We assume the USD/CHF will try to re-test the Support level 0.9803 and bounce back to up again until July 14, 2018.

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