Price has made a bounce from trendline support, however has moved back to the downside from moving average resistances. If price is able to break below the support trendline we may see a continued push below the 0.900 level.
We anticipate that this trendline support will break, as long term the USDCHF is in a bearish structure and has been correcting for a prolonged period.
We anticipate that this trendline support will break, as long term the USDCHF is in a bearish structure and has been correcting for a prolonged period.