TECHNICAL ANALYSIS

USDCHF Heads To 2020 Closing Low


The low close for 2020 is 0.92504

USDCHF continued its downward movement. The pair is down for the 4th day in a row today (below 0.9296). In the process, the price is closing in on its 2020 closing low at 0.92504. To your God, the 2018 closing low was 0.92176. The intraday low price for March 10 stands at 0.91747. These are the next 3 targets as the pair continues its downward run.

The low close for 2020 is 0.92504

Drill towards the hourly chart, connecting the most recent lows from last Friday and yesterday. The pair is also testing a lower trendline. That, combined with the low 2020 closing level, could give sellers cause for pause. However, if there is a pause, I would expect buyers to turn to sellers.

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