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JoeChampion

USDCHF: USD is weakening against the classic safe havens

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
JoeChampion  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Technical Indicators Fundamental Analysis USDCHF USD chf SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis indicator fundamental usdchf usd chf sell short bearish technicalanalysis containsimage
Hey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.91000 zone, USDCHF was trading in an uptrend and successfully managed to break it out, currently is in a correction phase in which it is approaching the retrace area at 0.91000 support and resistance area.
Fundamentally there is a decent between USD and CHF talking about the macro fundamentals, USD is weakening with the current inflation progress in the US and CHF is considered a safe haven asset in time of uncertainties in the market.
Trade safe, Joe.
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