aasiferdous

Is this time to go long on USDCHF?

aasiferdous Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Price has reached to a key daily support level on USDCHF. Even after news went against the USD on Friday and price has failed to close below 0.95508 level. If we see some bullish evidence from here the price is likely to travel at 0.96164 or even up to 0.97429 level, which hold key daily resistance levels.
Comment:
Price broke the daily support level and started going further below so I couldn't get involved in this pair as it didn't quite give any opportunity to hop on the short side as well.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.