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U.S. Dollar / Swiss Franc
Short

USDCHF: What To Expect Next Week?

By VasilyTrader
snapshot

USDCHF is still trading in a bearish trend.
after the market has set new lower low lower close on 0.97 level,
we see a strong pullback up.
however, while the market is approaching a key structure resistance level 0.99 bullish pressure is clearly weakening

For next week I have a very bearish scenario for this pair.
Pay close attention to a bear flag pattern,
if bears break and close below it,
there will be a high chance to see a bearish continuation to lower structure.
The target level for me will be 0.975
Chart PatternschfCurrenciesdollarForexswissfrancTechnical AnalysistradingTrend AnalysisUSDUSDCHFWave Analysis
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