FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
USD/CHF has been rallying since 9/3, when it hit support around 0.9185. I would like to see a dip below the 0.9570 level before being confident on that front. If this is the case, bears could dive towards Monday’s low, at around 0.9390. We see that the RSI just tested above its 50 mark, while the MACD despite being negative is above the buy trigger line. SL AND TP are given in the chart. The two white circles are what I suspect to be a trend repetition. As such we should wait for a break through 0.96240 before entering. This trade can be swung as shown by the arrows, where tests of the resistance indicate a position switch. After the 2nd/3rd iteration I expect the pair to break through the 0.97600 level.
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