USDCHF → Hunting for liquidity before the fall

3 hari lalu

USDCHF , against the backdrop of the falling dollar and the exit from consolidation, is forming another ‘bos’, which only confirms the market sentiment.



The fall of the dollar only increases pressure on the currency pair. The price has broken out of consolidation and is trading below the key level. USDCHF has broken through a fairly strong support level, which only confirms the bearish market structure. A correction is forming ahead of a possible decline (liquidity capture).

Resistance levels: 0.803, 0.8042
Support levels: 0.798, 0.79

Fundamentally and technically, the currency pair looks weak. The decline may continue after the liquidity capture phase and a retest of resistance. A false breakout of resistance will be a strong signal.

Best regards, R. Linda!

kelmarin

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