USDCHF Long - Price may Climb Amid Weak Selling
The price consolidates for the 3rd day as the price continues to retrace.
There hasn't been any significant selling and the price has yet to reach any strong supply zone.
Therefore, the price is expected to retrace further and climb towards the supply zone near 1.00 which overlaps with a previously broken rising trendline.
For intraday trade, traders may consider to long around 0.9930 but bear in mind that dollar is fundamentally weaker after dovish FOMC last week.
There hasn't been any significant selling and the price has yet to reach any strong supply zone.
Therefore, the price is expected to retrace further and climb towards the supply zone near 1.00 which overlaps with a previously broken rising trendline.
For intraday trade, traders may consider to long around 0.9930 but bear in mind that dollar is fundamentally weaker after dovish FOMC last week.
