The last movement down is explained by the current Swiss´s economics becoming more interesting than the US considering investors are looking for stronger economies where interest rates are still rising. Therefore, it is likely that the downtrend will continue as the Swiss currency will have more value. Furthermore, investors are looking for safe investments during the next possible recession, thus investors will go for the Swiss Franc as it is still considered as a safe haven asset. The rebound zone considers possible old support turning into a resistance.
Strong levels are waiting for us in the way of price 😬 Good luck in trading 🤞 , the current position is on our side!
Solldy
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It's a beautiful chart. You have a very good use of technical analysis tools. When you analyze the long term, do you consider the fundamental analysis?