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NikolaiKondratiev

USD/CHF. Midrem Outlook

Long
U.S. Dollar / Swiss Franc (FX_IDC:USDCHF)  
NikolaiKondratiev  
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
Technical Indicators correction rebound USDCHF midterm Forex
2
0
indicator correction rebound usdchf midterm forex
The weakening of the dollar against major currencies came as a reason for the pair's decline towards 0.92400. This is a strong resistance level, wich was established in 2018. The correction towards 0.93670 is likely. There is a chance that the dollar will begin to recover soon, and that would be the reason for USD/CHF to turn in the direction of the resistance level. This could happen next week.
Do not forget about Stop Loss!
Good Luck!
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