The competition between the dollar and the franc is very tough!
Let me describe USDCHF in one word: “GOLD-Related”
Since more than 25% of Switzerland's money is backed by gold reserves, gold has a negative correlation with USD/CHF. When gold goes up ( so CHF does), USD/CHF goes down. When gold goes down, USD/CHF goes up.
So, analyze XAUUSD before entering any position in this pair and remember, GOLD price is highly related to the news.
After all, we are around an almost strong level, You can enter a long position after confirmation.
Breaking the downtrend level is necessarily.
Important resistance on the way are WVMA of 100 4H and a static levels around 0.9235.
I suggest a two level TP points.
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