USDCHF → A retest of trend resistance. Probable rebound

2024年7月1日

USDCHF strengthened as the Swiss franc went into correction due to the actions of the central bank, which is trying to protect the currency from excessive strengthening.

Technically, the dollar is in the phase of correction, which may stop in the near future and the index may go back to the strengthening phase, but against this background the Swiss franc growth looks stronger, as this currency is considered as a hedge asset, which just in the crisis times was used by investors.
Technically, as long as the structure of the downtrend is not broken and a false break of resistance is formed, I would consider a bounce from the upper boundary of the channel to the zone of interest at 0.8885.

Resistance levels: 0.9010, 0.9050
Support levels: 0.892, 0.885

Bears can hold the resistance of the downtrend. The fundamental backdrop is still the same and in general may be maintained for some time, which may allow us to catch a downward movement to the mentioned target

Regards R. Linda!

2024年7月6日

交易進行

2024年7月11日

交易進行

Oh, that's great. The bears are keeping the price outside the channel. Waiting for the target to be reached

2024年7月22日

交易結束：目標達成