USDCHF REVERSAL ZONE IS HERE!!!

USD/CHF has recently found resistance and is now trading below the Ichimoku Cloud, indicating a downtrend. We anticipate a potential test of the upper border of the Cloud at 0.9065, followed by a decline towards 0.8865. A confirming signal for the downward move would be a rebound from the upper border of the descending channel. However, if there is a breakout above the upper border of the Cloud, securing above 0.9105, it would invalidate this scenario and suggest a further rise towards 0.9205.

Nicola, CEO of Forex48 Trading Academy