USDCHF 18th JANUARY 2023
USDCHF is on a buy opportunity, the tolerance of the main support trendline is around -0.22%.
The price is in the H4 support area , RSI 10 is oversold.
Historically, if both reasons are valid, the price will be bullish in the future.
Market participants are waiting for PPI and retail sales, which could lead to negative sentiment for the USD. Bearish is possible to the next support level 0.911 - 0.904
The price is in the H4 support area , RSI 10 is oversold.
Historically, if both reasons are valid, the price will be bullish in the future.
Market participants are waiting for PPI and retail sales, which could lead to negative sentiment for the USD. Bearish is possible to the next support level 0.911 - 0.904
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