USDCHF is currently on a downtrend after breaking an uptrend that tested our recent support line for the second time. Our downtrend has multiple wick rejections.
Price is currently sitting within our resistance zone, with a bearish candlestick that touched our trend line.
In addition, price action has reversed on the tight bullish uptrend (purple arrow) and lost momentum.
Price is currently sitting within our resistance zone, with a bearish candlestick that touched our trend line.
In addition, price action has reversed on the tight bullish uptrend (purple arrow) and lost momentum.
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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.