This pair broke resistance at 0.9955 last week and is now testing parity round number 1.0000.

usdchf-d

It could be that we will not get any retrace here and that price will just go and move to next resistance, which I see it at 1.0240. If we move down to 4h chart, we can see that price rejected 1.0000 two times already.

usdchf-4h

I would still rather wait for a bit bigger retrace back to value area, last up move was all together for 600 pips, with small break of 110 pips. Also there is 4h divergence and Stochastic’s is crossed down from overbought territory.

Tomorrow we have few middle level news in Switzerland and in US.

2 thoughts on “USDCHF trade setup for 10. of November”

  1. Artem says:

    Thank you Igor

  2. Dimitar Ivanov says:

    I don’t trade CHF, but I learn a lot from your analyses. Thanks Igor.

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