USDCHF breaks support

USDCHF breaks support

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Orlando Gutierrez

Updated: 13 October 2022

Key Support:0.9242
Key Resistance: 0.9190

Long Term View
The USDCHF broke with the mid to long term bullish structure this week and has been sitting at the next key level which confluences with the weekly pivot for the past couple of days. Sells are in play given that the DXY (US Dollar Index) has broken too with a key support.

1H Chart Analysis
The break of the 0.9240 brings sellers in whilst the US Dollar is also bearish now. We are targeting the next key level for a nice 1 to 2 R trade

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