Strifor || USDCHF-07/12/2023
Preferred direction: SELL
Comment: The last long target for the franc has been achieved, now the resistance at 0.87757 is likely to act as the next point for sending the price down. Here we will outline a scenario directly related to the release of data on NFP tomorrow. Sell-trade from current prices will be a rather aggressive way, so it would be best to place a pending order above the specified resistance and be ready to re-enter the trade if necessary, since most likely we will see a volatile NFP.
We place the target for the fall at the current local minimum, approximately near the level of 0.87000.
Thank you for like and share your views!
Comment: The last long target for the franc has been achieved, now the resistance at 0.87757 is likely to act as the next point for sending the price down. Here we will outline a scenario directly related to the release of data on NFP tomorrow. Sell-trade from current prices will be a rather aggressive way, so it would be best to place a pending order above the specified resistance and be ready to re-enter the trade if necessary, since most likely we will see a volatile NFP.
We place the target for the fall at the current local minimum, approximately near the level of 0.87000.
Thank you for like and share your views!
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