USD/CHF has tested the demand zone near 0.7913 and is beginning to show signs of stability above this key support level. The current price action reflects deceleration, which supports the likelihood of a corrective move toward the 0.7984 resistance.
A confirmed break above the downward trendline would strengthen the bullish case, potentially opening the path toward the 0.8050 region. As long as the 0.7900 level holds, buyers maintain a clear advantage, with the structure favoring a continued recovery in the near term.
A confirmed break above the downward trendline would strengthen the bullish case, potentially opening the path toward the 0.8050 region. As long as the 0.7900 level holds, buyers maintain a clear advantage, with the structure favoring a continued recovery in the near term.
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.