Potential Sell Alert USDCHF

USDCHF – US Dollar Swiss cross

The USDCHF has been finding long term weakness and we see the opportunity for this to continue. Price recently broke below a major support zone around 0.9443 and has since contracted back above. The number of buyers have been building as price starts to break back down. We are now watching for a lower high to bring in sellers to start putting the squeeze on the buyers and head lower. The action will take some time to play out as price still has some work to do but will be watching lower timeframe charts for opportunities.

FX Pair : USDCHF – US Dollar Swiss cross

Current Price : 0.9450

Status : On watch for sell entry setup