USDCHF - Stay clear I think - Please comment!
USDCHF painting a bit of a confusing picture;
1)0.900 level is a very strong resistance zone, price has been continually rejecting any move lower than this
2) Any break below the 0.900 level would mark a multi year low (price dipped below this level in 2015, however even then it only held below for a few weeks)
3) However dollar weakness is expected to be a key theme this week
4) Huge Momentum divergence on the daily timeframe
1)0.900 level is a very strong resistance zone, price has been continually rejecting any move lower than this
2) Any break below the 0.900 level would mark a multi year low (price dipped below this level in 2015, however even then it only held below for a few weeks)
3) However dollar weakness is expected to be a key theme this week
4) Huge Momentum divergence on the daily timeframe
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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.