FenzoFx—USD/CHF is testing the critical resistance level at 0.804, a demand zone that coincides with the descending trendline.
A new bearish wave would form if the price remains below this level. In this scenario, USD/CHF will likely retest the previous support level at 0.787.
A new bearish wave would form if the price remains below this level. In this scenario, USD/CHF will likely retest the previous support level at 0.787.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.