USDCHF: Technical Outlook & Forecast For Next Week 🇺🇸🇨🇭
https://www.tradingview.com/x/lHnHXXNV/
USDCHF was consolidating for some time within a horizontal trading range on a daily.
After the yesterday's NFP release, the market dropped sharply.
The price successfully violated a support of the range and a rising trend line, and closed below them both.
The broken trend line and a horizontal support now compose the expanding supply zone,
from where, I would recommend looking for shorting.
Bears will most likely push the price lower next week.
Next goal - 0.8845
❤️Please, support my work with like, thank you!❤️
USDCHF was consolidating for some time within a horizontal trading range on a daily.
After the yesterday's NFP release, the market dropped sharply.
The price successfully violated a support of the range and a rising trend line, and closed below them both.
The broken trend line and a horizontal support now compose the expanding supply zone,
from where, I would recommend looking for shorting.
Bears will most likely push the price lower next week.
Next goal - 0.8845
❤️Please, support my work with like, thank you!❤️
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