USDCHF 30min Analysis January 11th, 2021

DXY is gaining strength and pushing all USD pairs to the upside but price is at key resistance levels. We are testing the 4h 200MA and our key weekly level at .8920. Watch for strong rejections up in this area. We will want to see strong bearish setups/engulfing past the .8900 level to look short.

If we want to be patient and look long we can wait for a healthy retrace back to our key structure zone of .88750