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Mrsam36
Apr 16, 2024 6:35 AM

Usdchf interday range dipping zone read the caption  Short

U.S. Dollar/Swiss FrancFXCM

Description

In the bigger picture, price actions from 0.8342 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0145 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9242 resistance, at least on first attempt. However, decisive break of 0.9233 will argue that the trend has already reversed and turn medium term outlook bullish.
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