USDCHF – D1 Timeframe
USDCHF on the daily timeframe is currently being resisted by the pivot zone, rally-base-drop supply zone, 88% Fibonacci retracement level, and the trendline resistance. Again, the confluences are;
• Daily timeframe pivot resistance;
• Trendline resistance;
• Rally-base-drop supply zone;
• 88% of the Fibonacci retracement.
Analyst’s Expectations:
Direction: Bearish
Target: 0.86547
Invalidation: 0.88778
