USDCHF at important level to start the week!

27 Eyl 2021

Keep an eye on USDCHF as we kick off this week - we are currently at an important resistance turned support level - strong buildup early month which translated into a breakout which was faded immediately. Price is currently forming a smaller buildup at support - break of this should set the bias. A break higher means price came down to refuel and new highs expected - whereas failure here would be a strong rejection sign at above levels and heading into Oct should send prices back towards Sep lows.

Watch & see how it plays out!