💱 USDCHF - consolidation above the level. What could go wrong?

31 באוק׳ 2023

USDCHF breaks through the resistance at 0.9000 and forms a strong consolidation above this line. But, if the dollar gets negative news (a lot of reports publication ahead), 0.9000 will break and the price will fall to 0.89600

Prerequisites:
1) Why I am expecting a rise - break of resistance and consolidation above the level
2) It is worth paying attention to DXY as price is in consolidation, anything can happen.
3) In priority, I expect a bounce from 0.9000 and a rise to 0.9088.
4) But, if the dollar starts to weaken, it will pull the currency pair down with it.

Key support: 0.9006
Key resistance: 0.9088