Hey Traders, USDCHF is trading in a down trend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 0.921 resistance zone. if the rejection is confirmed i would set 0.905 as a target as it's considered the next major support zone USDCHF will be facing. Fundamentally CHF is expected to be outperforming as it's considered a safe haven in current environment of uncertainty along with the Japanese Yen and the last dovish FOMC have triggered USD weakness and signaled less restrictive upcoming meeting.
trade safe, Joe.
trade safe, Joe.
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Free Telegram Group:
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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.