USDCHF on strong growth momentum

21 thg 6, 2023

The USD/CHF has struggled to cross above a key resistance confluence zone (horizontal support-turned-resistance, 100-day MA, Ichimoku cloud) at the 0.910 level lately, as the formation of long bearish candles seem to reflect strong selling pressure. Its RSI is below the 50 mark while MACD is also crossing below zero, as signs of bearish momentum. Further downside may leave its May 2023 bottom at the 0.881 level on watch. On the other hand, greater conviction for the bulls may have to come from a move above the 0.910 level

USDCHF BUY 0.8990-0.8985 💯💯

✅ TP1: 0.9020
✅ TP2: 0.9050

🛑 SL: 0.8980