Dollar bulls.

UsdChf Daily Chart

Price on this pair has been on a decline for most of the year now. It hsas failed to break beyond the 0.94500 mid-psych twice forming a double bottom reversal pattern. It broke the neckline at the 0.97500 mid-psych level and found resistance at MR1. It then came to retest the role reversal where we saw bulls buying it off the 21 Moving Average.

UsdChf H4 Chart

Price has been ranging between 0.971 and 0.976. Price is currently at resistance and should it fail to break the upside, the bottom of the range (WM2) is seen as a key area for bulls to buy. Though it can possibly break resistance, a retest at the role reversal would then be an opportunity for bulls to buy.

UsdChf H1 Chart

Stochastic is over bought and price is at a key sell pivot. DM3, for bear to sell. take note of the confluence between DM2 and WM2.

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