This is simply a short technical analysis for greenback bears.

UsdChf Daily Chart

Price opened at MM2 at the beginning of the month after the the monthly bear target was achieved in January. Price is currently at the role reversal at 1.0000 psych. We also have the 21 acting as dynamic resistance.

UsdChf H4 Chart

Price has been trading withing an upward channel since last last week. A bearish flag has formed and we might see price continue its downward move from this level. Take note of the confluence between the Monthly pivot point and WR1, one might also sell at that level.

UsdChf H1 Chart

Price opened at WM2 at the beginning of the month after the the monthly bear target was achieved in January. Price is currently at the role reversal at 1.0000 psych. We also have the 21 acting as dynamic resistance.

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