USDCHF: Preparing For a Bearish Wave 🇺🇸🇨🇭

Hey traders,

USDCHF is trading in a global bearish trend.
The market is falling since 2016.

The price set a new low at the beginning of 2021.
Then a correctional movement started.
Since August the pair is trading within a horizontal trading range.
I believe that the next bearish rally will initiate after a bearish breakout of a range's support.

Next goals will be 0.894/0.88

Remember that the range can be broken to the upside as well.
In case of such a scenario, the market may retest 0.947 year's high.

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Commentaire:

Check my new analysis on EURAUD: