USDCHF dropping nicely, further potential drop!
USDCHF has been dropping nicely from our major resistance previously. Our major resistance is now moved to 0.9960 (horizontal overlap resistance, bearish Ichimoku cloud) where a further drop could occur in pushing prices down to major support at 0.9731 (Fibonacci retracement, horizontal pullback support). We are seeing intermediate support at 0.9854 too (Fibonacci retracement, horizontal overlap support).
RSI (89,5,3) has made a bearish exit signalling that a big drop could be on the horizon..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89,5,3) has made a bearish exit signalling that a big drop could be on the horizon..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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