On the daily chart, USDCHF stabilized and rebounded in the short term, and bulls have the upper hand. At present, we can pay attention to the resistance near 0.8706 above, which is a potential short position of the bearish bat pattern. In addition, this position is near the pressure of the downward trend line. If the price breaks through the resistance near 0.8748, the bullish trend will start.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.