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USDCHF analysis

USDCHF

The overall trend is downward. The resistance level of 0.8925 is holding back buyers. The ascending pattern is truncated. A bearish divergence has formed on Awesome Oscillator.

USDCHF rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop loss beyond the resistance level 0.8925.

Target levels: 0.8822; 0.8785.

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