USDCHF1HR chart view, the pairs is currently resting on the 20SMA uptrend line, with 20SMA crossing 50SMA 34hr ago.
Stochastic indicator bullish crossover at 31.2 .
The pair remains above 200-HMA.
Considering the bearish MACD, sellers will be the lookout of the pattern’s confirmation, on further declines below 0.9665. Where Stop loss below that range can be place as protective SL.
While Resistance is around the 0.9715.
We see short term buying opportunity
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.