USD/CHF Monthly Analysis
USD/CHF is at monthly resistance levels, on a downward channel formation. Additionally, it is overbought on fast stochastic, coupled with the tightening band volatility indicating a consolidation before a significant move. Given the technical situation, looking for a short position seems to be in order. However, the fundamentals aren't crystal clear yet (as we're all awaiting the coming Gold Referendum on November 30th) , so we believe the more prudent thing to do will be to await further confirmation, be it technical or fundamental.
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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.