USDCHF – Potential Bearish Continuation Toward Support

15 Jan

The USDCHF pair has broken below a key ascending trendline, signaling a potential shift in momentum. This move aligns with a bearish bias, suggesting that price action may now head lower.

If the price retraces back to the broken trendline or nearby resistance levels and forms bearish confirmations—such as rejection patterns, bearish engulfing candles, or long upper wicks, it could reinforce the likelihood of further downside movement.

Should this scenario materialize, sellers may target the 0.90484 level as the next area of interest. A sustained breakdown below this support zone could pave the way for continued bearish pressure.

However, traders should remain cautious. A break back above the resistance zone or strong bullish momentum could invalidate this outlook.

15 Jan

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20 Jan

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