The USDCHF had been climbing strongly but recently the upside move had been resisted by the 0.9852 price area. Above that, the next resistance price level is at 0.9887, last tested on 14th July.
As multiple double top patterns forms (purple and orange boxes), look for the USDCHF to trade lower, with the first key support level at 0.9765 and 0.9752 (23.6% fib level).
As multiple double top patterns forms (purple and orange boxes), look for the USDCHF to trade lower, with the first key support level at 0.9765 and 0.9752 (23.6% fib level).
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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.