USDCHF Analysis:
USDCHF has reached the horizontal support area and the higher low area of the minor ascending channel in the 1-hour timeframe chart.
USDCHF Update :
USDCHF has broken the horizontal support and higher low area of the ascending channel in the 1-hour timeframe chart.
In another view, USDCHF is trying to retest the strong horizontal support and the higher low area of the bigger Ascending channel in the weekly timeframe chart, Due to FOMC Meeting minutes, USD currency became more volatile – this leads to the SL price.
Please note: In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
