USD/CHF Still has some Bearish Movement
Good morning traders, today we will analyze the USD / CHF pair in a high temporality to show the relevant levels, and then we will go to a lower timeframe to see the short-term forecast.
🔸As we can see, this pair has been in a clear downtrend for the last two years.
🔸If we analyze the support and resistance areas, we see that the price is not yet approaching the nearest area, which gives us indications that there may still be some bearish path.
🔸Although the price has consolidated in recent weeks, if we reduce the timeframe to the 4H, we see that there is bullish weakness in the price and we can see a new momentum in the short term.
🔸As we can see, this pair has been in a clear downtrend for the last two years.
🔸If we analyze the support and resistance areas, we see that the price is not yet approaching the nearest area, which gives us indications that there may still be some bearish path.
🔸Although the price has consolidated in recent weeks, if we reduce the timeframe to the 4H, we see that there is bullish weakness in the price and we can see a new momentum in the short term.
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