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  • Vasily Trader

USDCHF: Technical Outlook & The Things to Watch



Hey traders,


Because we got Labor Day in the US today,

we do not expect the market to be volatile.


Here is my mid-term technical outlook on USDCHF for you to follow:

From the beginning of summer, the pair is ranging.

0.8925 - 0.8935 is its support.

0.9265 - 0.9275 is its resistance.


Within that range, the price formed one more range.

Since August, the pair is trading within 0.901 - 0.925 area.


I spotted bearish accumulation signs recently.

With the sequence of lower highs and equal lows, the pair formed a descending triangle .

Look for its support breakout as your signal to sell.

Goals will be: 0.901 (August's low) / 0.8935 (Summer's low)


Alternatively, consider the boundaries of summer's range for buying/selling.

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