USD/CHF May Have Completed a Corrective Rally
Gregor Horvat | Mar 07, 2023 01:58AM ET
USD/CHF is coming back to the downside after the latest CPI report, which jumped from 3.3% to 3.4% y/y. We can see an excellent turndown towards the lower support line with an intraday impulsive sell-off which signals more weakness as the rise from the low is seen in three waves.
A broken corrective channel can be another critical evidence for resuming a bearish trend, possibly even back to 0.9060.
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