USDCHF SNB will try to weaken CHF, longs on dip
Hi,
Powell did not want to weaken USD during FOMC ( or maybe he was trying but market did something different :) ) but SNB knows how to weaken CHF ( very often its short lived LOL ) and we do have SNB rate decision upcoming Thursday
From weekly/daily chart perspective looks like buyers are around 0,93 and 0,92, so Im going to use the full zone ( if seen )
Stop: two consecutive daily close below 0,9160
Targets around 0,98 and 1,00
Good Luck
Powell did not want to weaken USD during FOMC ( or maybe he was trying but market did something different :) ) but SNB knows how to weaken CHF ( very often its short lived LOL ) and we do have SNB rate decision upcoming Thursday
From weekly/daily chart perspective looks like buyers are around 0,93 and 0,92, so Im going to use the full zone ( if seen )
Stop: two consecutive daily close below 0,9160
Targets around 0,98 and 1,00
Good Luck