The Swiss pair has shown a great declining phase signal after spending the best part of December ranging with a volume of over 103point for 18days on a roll.
The USD/CHF price now falls below the technical tools used on the chart which are the 21,50, and 200-day SMA . If the price successfully break below the 0.9165 Quasimodo zone the next bearish mark would be 0.9090 which is November low.
Moreover, any rejection from the current 0.9165 support zone would mean the ranging might persist to new year.
So, lookout for breakout below the 0.9165.
Have a good one
#fx #forex #finance #tradingforex #trading
The USD/CHF price now falls below the technical tools used on the chart which are the 21,50, and 200-day SMA . If the price successfully break below the 0.9165 Quasimodo zone the next bearish mark would be 0.9090 which is November low.
Moreover, any rejection from the current 0.9165 support zone would mean the ranging might persist to new year.
So, lookout for breakout below the 0.9165.
Have a good one
#fx #forex #finance #tradingforex #trading