ToniSignals

USD/CHF To Fall Like A Bag Of Bricks

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Price has made a bounce from trendline support, however has moved back to the downside from moving average resistances. If price is able to break below the support trendline we may see a continued push below the 0.900 level.

We anticipate that this trendline support will break, as long term the USDCHF is in a bearish structure and has been correcting for a prolonged period.

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