USDCHF rebounded in the monthly demand zone, but fell without continuing the daily uptrend.
If DXY is a monthly correction process, USDCHF is highly likely to fall once more into the monthly demand zone. Then an extended correction pattern of W-X-Y structure will be created.
Since USDCHF is a monthly rising wave, it will rebound in the monthly demand zone and significantly renew its high if the rising wave continues.
If DXY is a monthly correction process, USDCHF is highly likely to fall once more into the monthly demand zone. Then an extended correction pattern of W-X-Y structure will be created.
Since USDCHF is a monthly rising wave, it will rebound in the monthly demand zone and significantly renew its high if the rising wave continues.
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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.