USDCHF tested resistance at 0.805 - 0.806 and formed a false breakout without the possibility of continuing growth. The global trend is downward...Against the backdrop of the dollar's growth (reaction to news), the currency pair also moved to distribution to 0.8050. The price failed to break through resistance, forming a false breakout. USDCHF is consolidating below resistance, and a breakdown of the local structure could trigger a decline.
The dollar index is also facing fairly strong resistance and may continue its downward trend, which will also affect the decline in the USDCHF price.
Resistance levels: 0.805, 0.806, 0.81
Support levels: 0.800, 0.794, 0.791
If, within the current consolidation, the price begins to fall and break the local structure, then we can expect the decline to continue towards the specified targets!
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.