USDCHF is moving towards a line of 0.8189 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCHF continues in its current trajectory, we may see it move towards 0.8189 within the next 13 hours.
After testing 0.8189 numerous times, USDCHF is once again approaching this price point. Can we expect a bearish trend to follow?
