The USDCHF pair formed a bottom at the 0.93500 level. After that, we see a bullish impulse and a move to 0.95000, where the pair finds new support and moves above. Now we could expect a continuation of the dollar's recovery to 0.96500 at the 38.2% Fibonacci level.
We are currently looking for a potential retest on the previous breakout point (38,2% Fibonacci level). In the worst scenario, the dollar falls to 100.00 (61,8% Fibonacci level), and then long term, we go up and only up.
We are currently looking for a potential retest on the previous breakout point (38,2% Fibonacci level). In the worst scenario, the dollar falls to 100.00 (61,8% Fibonacci level), and then long term, we go up and only up.
