price action USDCHF
Following a modest trading pressure on Thursday, the USDCHF reached a balance of around .99. This rate is consistent with the May reopening rate of 0.9907 and buyers have entered the market. While trading pressure can be expected, traders should be honest.
On the daily chart of the USDCHF, the demand zone has been activated at 0.99920-0.9971, but has not yet been able to trigger a significant uptrend due to resistance 0.9949. On a weekly chart, two weeks ago, after the US dollar collapsed at the rebound of 2016 at 0029, the dollar seems to have sunk down against the franc until the rebound of 2018 at 0.944.
On the daily chart of the USDCHF, the demand zone has been activated at 0.99920-0.9971, but has not yet been able to trigger a significant uptrend due to resistance 0.9949. On a weekly chart, two weeks ago, after the US dollar collapsed at the rebound of 2016 at 0029, the dollar seems to have sunk down against the franc until the rebound of 2018 at 0.944.
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