USDCHF Daily Analysis 2023-06-15
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USDCHF Daily Analysis

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Last Updated Date: 19 April 2024 @ 8:53 AM (UTC)
*Please note that all the dates are in GMT time zone

The USDCHF short term trend bias is down with the pattern still hinting for a drop along 0.8958, testing previous swing lows. Sustained action under 0.8958 could fuel selloffs ⇒ 0.8893. Trade should find resistance against 0.9130 to maintain pressing bear forces.


 

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CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is still possible for significant losses to occur; around 78% of retail investor accounts lose money when trading CFDs.
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