USDCHF confirms a change in the downtrend and is ready to move into a distribution phase amid growth in the dollar index.The dollar is breaking through resistance and may continue its bullish correction within the global downtrend. Against this backdrop, the Swiss franc is losing ground...
The currency pair is forming a breakout of the local trend. The breakout of the resistance of the ascending triangle confirms bullish action. As part of the distribution, the price may test local highs.
Resistance levels: 0.8071, 0.8132
Support levels: 0.800
A consolidation of the price above 0.800 may form an intermediate bottom, which will provide support for the bulls before the next run.
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🌹TRADING is a CASINO💔!?
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Related publications
Disclaimer
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