Strifor || USDCHF-02/05/2024
Preferred direction: SELL
Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar, which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to continue.
We consider a short trade on the franc through two scenarios near the level of 0.91424. The most likely scenario №1 says about a fall from current prices. Scenario №2 - serves as plan B. We place the target for the fall at the level of 0.90500.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar, which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to continue.
We consider a short trade on the franc through two scenarios near the level of 0.91424. The most likely scenario №1 says about a fall from current prices. Scenario №2 - serves as plan B. We place the target for the fall at the level of 0.90500.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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