USDCHF has powered up into resistance so watching for a reaction lower

Potential Sell Alert USDCHF


USDCHF – US Dollar/Swiss currency Cross

Price has extended hard up into potential resistance as the USD has been squeezing sellers and heading higher. We see the potential for a short trade off resistance but will be watching for a washout of 1.0037 zone followed by lower highs to start the squeeze of late buyers and push price lower. Price has a bit of work to do prior to any setup so we will have this well and truly on the radar.

Currency Pair : USDCHF – US Dollar/Swiss currency Cross

Current Price : 1.0034

Status : On watch for a sell entry setup