USDCHF is in a consolidating stage at the moment, last daily candle close was bearish within the range of Tuesday’s candle; this suggests that the consolidation is likely to continue and expect a bullish candle to form next as a range pattern continuation. I still maintain a bullish bias for this pair.
A break above 0.92331 minor resistance level may attract more bulls to 0.92745. Price is rising from an oversold region as indicated by the stochs and above the moving average suggests that trend is up.
Disclaimer: What I have shared above is not a financial or investment advice, it’s for educational purposes only, whatever trading decision you make is at your own risk.
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