USDCHF has been trading range bound in the 0.9000-0.9300 range since the August and currently it is bouncing from the lower end of this range indicating a rebound is likely. Further the pair has ended in a bullish candlestick formation on 13th October; this bullish candlestick has been retraced on 13th & 14th October where buying is being seen. RSI is rising thus advocating for the rebound to continue towards 0.9175 & 0.9200 on the upside while it sustains above 0.9080
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Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.