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USDCHF: Technical Outlook & Forecast For Next Week ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ญ

ืฉื•ืจื˜
OANDA:USDCHF   ื“ื•ืœืจ ืืžืจื™ืงืื™ / ืคืจื ืง ืฉื•ื•ื™ืฆืจื™

USDCHF was consolidating for some time within a horizontal trading range on a daily.
After the yesterday's NFP release, the market dropped sharply.

The price successfully violated a support of the range and a rising trend line, and closed below them both.

The broken trend line and a horizontal support now compose the expanding supply zone,
from where, I would recommend looking for shorting.

Bears will most likely push the price lower next week.
Next goal - 0.8845

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