USDCHF trades at 105-month low.USDCHF - 24h expiry
Trades at the lowest level in 101 months.
There is no indication that the selloff is coming to an end.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Broken out of the triangle formation to the downside.
We look to Sell at 0.8686 (stop at 0.8716)
Our profit targets will be 0.8616 and 0.8606
Resistance: 0.8631 / 0.8660 / 0.8690
Support: 0.8570 / 0.8550 / 0.8530
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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