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31.01.2023 08:07 PM
USD/CHF: further growth invalidated

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USD/CHF Massive Drop!

The USD/CHF pair is dropping like a rock at the time of writing. It's located at 0.9176 far below 0.9288 today's high. You can see that it has failed to stay above the 0.9277 former high (upside obstacle) after retesting the former uptrend line (upside obstacle). Now, it's almost to reach the 0.9163 former low (downside obstacle).

USD/CHF Trading Conclusion!

Dropping below the 0.9163 downside obstacle may announce a larger drop and represents a selling signal.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
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