USDCHF Resistance

The recent trend of the USDCHF has been up but the longer term trend has been down. We've reached a resistance level so we now have to wait and see what the market is going to do. It is likely we could have a reversal but we would as usual need to confirm this with our filter. Note the figure 1.1400, 886 Ret of the recent high and a possible breather level (50%) from the longer term high to low.

USDCHF forex chart from Advanced Get

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