Joshua20

USD/CHF Approaching Key Area

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
The chart shows the weekly chart of the USD/CHF currency pair, you can see that prices are sitting right below a very key area of 1.00. Prices have respected this area on the chart before and I am fully expecting the prices to respect this area again.

if you zoom out this chart you will see a downtrend that has been in control of the market for a long time now. This is looking ripe for prices to hit the 1.00 area and then shoot down. We will see what happens but I am expecting prices to fall here in the near future.