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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