USD/CHF is currently in a downtrend, with the US Dollar exhibiting weakness throughout the year. From a technical standpoint, the pair appears poised for further decline, given the formation of a bearish flag. If considering this trade, it's essential to prioritize risk management or look for a potential retest of the flag's resistance level (or the apex of an ascending wedge, if applicable) before entering a short position.
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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.