MrCharlie1

πŸ“‰πŸ’ΌTrading Alert: USD/CHF Facing Resistance Turned Support!πŸ“ŠπŸ”

Short
MrCharlie1 Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
πŸ“‰πŸ’Ό Trading Update: USD/CHF Analysis πŸ’ΌπŸ“‰

πŸ” Keeping a keen eye on USD/CHF! πŸ”

πŸ“‰ The USD/CHF pair is currently testing a critical support-turned-resistance level after a recent breakout. This shift suggests a bearish confirmation, indicating potential downward pressure.

πŸ“Š On the hourly chart, we can spot a horizontal range, with the breach of its support signaling a bearish sentiment taking hold.

πŸ’‘ Considering these technical cues, there's a chance that USD/CHF might aim for the 0.9070 level in the near term.

πŸ’¬ Let's stay vigilant and see how this scenario unfolds! πŸ’¬

#TradingAnalysis #USDCHF #ForexMarket πŸ“‰πŸ’ΌπŸ”πŸ“ŠπŸ’‘πŸ’¬
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