Preferred direction: SELL
Comment: Despite the fact that a medium-term fall in the American currency is expected, including in the USDCHF currency pair, it should be noted that the franc is one of the weakest among the majors (the situation is only worse for the Japanese yen). Here, we can draw the conclusion that it is better to take a closer look at the USDCAD pair or EURUSD.
However, we highlight two scenarios for selling the USDCHF currency pair. Most likely, there will be a slight update of the maximum, that is, an increase towards 0.91000 (scenario №1). We cannot exclude a more aggressive growth towards resistance 0.91475 (scenario №2). The target for the fall is at the level of 0.89000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Despite the fact that a medium-term fall in the American currency is expected, including in the USDCHF currency pair, it should be noted that the franc is one of the weakest among the majors (the situation is only worse for the Japanese yen). Here, we can draw the conclusion that it is better to take a closer look at the USDCAD pair or EURUSD.
However, we highlight two scenarios for selling the USDCHF currency pair. Most likely, there will be a slight update of the maximum, that is, an increase towards 0.91000 (scenario №1). We cannot exclude a more aggressive growth towards resistance 0.91475 (scenario №2). The target for the fall is at the level of 0.89000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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