USDCHF is currently trading at 0.97270 and we have seen a triangle wedge breakout at D1 timeframe. Also, the pair has retested the upper trendline twice but unable to break this. This indicates weakness to move further upside.
As of writing, the next support is seen at 0.96100 and 0.95000 respectively. On the other hand, bull needs to break the resistance at 0.98400 to move further. We are bearish on USDCHF.
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This trading analysis is only for getting an idea about the current market situation. This is not a signal. These can be used for education purposes only.