UPDATE ON USDCHF DAILY
We haven’t been giving analysis about this currency pair for the fact we couldn’t spot out a well defined picture. Now we can figure out a formation of a narrow wedge and price retested next resistance @0.98398 thereby resulting in a bearish rally last week friday.
A daily close below this key-level resistance @0.98398 will give a signal of bearish activeness while a daily close above this key-level resistance will signal bullish interest to retest dynamic trendline resistance and a successful breakout will interest buyers to expose next key-level structure @1.00067
Take note: USDCHF is in an intermidiate bearish trend right from April 2019.
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