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USDCHF - 6 Feb - retest and support zone entry BUY

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USDCHF trend forecast February 6, 2025

USD/CHF extends its decline for the second consecutive day, hovering around 0.9030 during Wednesday’s European session. The pair's downward movement is largely attributed to a weakening US Dollar (USD), which is experiencing a technical pullback.

The US Dollar Index (DXY), which measures the USD against a basket of six major currencies, remains under pressure for the third straight session, trading near 107.70. Meanwhile, investors are focused on the upcoming US Nonfarm Payrolls (NFP) report on Friday, which could play a key role in shaping the Federal Reserve’s (Fed) monetary policy outlook

USDCHF price shows signs of recovery, waiting for retest entry and support on h2 frame to increase price again

/// BUY USDCHF: zone 0.89750 - 0.89600

SL: 0.89250

TP: 40 - 70 - 150pips ( 0.91100)


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USDCHF increased prices like plan, trading around 0.90500

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