USDCHF | Dovish sentiment surrounding the Fed

13 במאי

Last Week, USDCHF test the Demand Zone at 0.9000 but quickly pullback to 0.9100



In 4H chart, Resistance at 0.9100 make double top patern, further drop below 0.9000 could pull the bear into the market, pushing price to 0.8850 support level.

Looking at the potential for a bullish continuation, the USD/CHF could see a positive turn if it manages to climb above 0.9100. Once this level is breached, the next immediate resistance level to watch out for would be May 2 high at 0.9174, with a further test at 0.9200.