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Tuesday, December 29, 2020

USDCHF short view

USDCHF short view

On the four-hour time frame, we see a falling channel and support a little above 0.88000; if we are looking at the dollar globally, it is short-term, and we can expect a further continuation towards lower levels. The pair is currently testing moving averages of MA50 and MA100, and we can expect less consolidation by the end of the New Year holidays. If we see a pullback, it should be short-lived up to 0.90000 maximum, where the moving average MA200 is waiting for us.

from Trading Ideas
via gqrds

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