USDCHF: Two Possible Scenarios

USDCHF, H4

On the H4, USDCHF is on the uptrend, retesting the trendline at the 0.8320 support.

The 100-MA is crossing the 200-MA and giving additional support for the asset, making two scenarios possible:

A rebound from the trendline and 200-MA will open the way to 0.8460;

Breaking below the 0.8320 support will trigger a decline toward 0.8200.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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