As the DXY continues to lose strength pairs like USDCHF will continue to move to the downside. I have observed a bearish triangle formation on the 2HR timeframe. Price has made its way back to a previous support zone. I believe it will act as a resistance and push the pair lower.
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.
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.