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FX.co ★ USD/CHF: strong sellers, downtrend intact

USD/CHF: strong sellers, downtrend intact

USD/CHF: strong sellers, downtrend intact

USD/CHF Temporary Growth!

The USD/CHF pair increased a little after reaching the 0.9606 level. Now, it's almost to reach the downtrend line which stands as an upside obstacle. On the other hand, 0.9606 is seen as a downside obstacle.

As long as it stays below the downtrend line, the rate could drop deeper despite temporary rebounds. it could test and retest the downtrend line before resuming its downtrend.

USD/CHF Trading Conclusion!

Staying below the downtrend line and dropping below the 0.9606 former low activates more declines.

Only jumping above the downtrend line and above 0.9678 could announce that the downside movement ended.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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