Technical Analysis – USD/CHF (1H Timeframe)
The USD/CHF pair is approaching a significant resistance zone around 0.90300 - 0.90600, where price previously faced strong selling pressure. A rejection from this level could trigger a downside move, targeting the 0.89250 - 0.89000 area.
- Resistance: 0.90300 - 0.90600
- Support/Target: 0.89250 - 0.89000
- Bias: Bearish if price fails to break resistance
- Confirmation: Look for bearish candlestick patterns or rejections at resistance before entering short positions.
Traders should monitor price action closely for confirmation before executing trades.
If you enjoy, press the like button.
The USD/CHF pair is approaching a significant resistance zone around 0.90300 - 0.90600, where price previously faced strong selling pressure. A rejection from this level could trigger a downside move, targeting the 0.89250 - 0.89000 area.
- Resistance: 0.90300 - 0.90600
- Support/Target: 0.89250 - 0.89000
- Bias: Bearish if price fails to break resistance
- Confirmation: Look for bearish candlestick patterns or rejections at resistance before entering short positions.
Traders should monitor price action closely for confirmation before executing trades.
If you enjoy, press the like button.
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