RLinda ! USDCHF -> Price drop from the resistance zone

26 Oca 2023

USDCHF formed an attempt to change the trend to uptrend, but this maneuver turned out to be a trap of a major player. The price leaves the local uptrend and returns to the boundaries of the downtrend range

At the moment the price is falling back to the downtrend resistance area, I think that in the near future the price can test the resistance of the channel by a false break or touch, but in any case, the price should expect consolidation under the zone.

I expect the fall of the price from the resistance area (either from the channel resistance, or from the level of 0.9187). The short-term target is the support at 0.9141, the medium-term target is the liquidity zone at 0.9085.

Regards R.Linda!