USDCHF has under-performed in the broad USD rally. Interest rate differentials for both 10 and 2y maturities imply USDJPY should trade above parity.
CHF remains a risk sensitive currency but the magnitude of the moves are smaller than for the JPY. Expectations for fiscal easing in the US are helping the USD and ...
The Bullish Cypher:
Waiting Bullish divergence at structure trend line, Alert or Pending Order suggested @ 78%;
Moving its big belly over the EMA10 as the last trend line, it signals a long position to me. A lot of politics is going on currently. That's why USD needs to be traded carefully these days. Go in this one with a minor position.
On the USD.CHF 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0240 & 1.0217
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the ...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...