USDCHF Closing In On The 1.0250 Resistance

After the latest push in the USD we are now witnessing retracement movements on the the majors, the USDCHF is closing in on the 1.0250 area where we also have a downsloping trenline connecting previous lower highws; looking at the oscillator in the second frame we can see what might be the start of a bearish hidden divergence forming. With this in mind we keep a bearish bias on this pair and wait for price action development on the smaller timeframes to provide a good risk:reward entry. After the latest push in the USD we are now witnessing retracement movements on the the majors, the USDCHF is closing in on the 1.0250 area where we also have a downsloping trenline connecting previous lower highws; looking at the oscillator in the second frame we can see what might be the start of a bearish hidden divergence forming. With this in mind we keep a bearish bias on this pair and wait for price action development on the smaller timeframes to provide a good risk:reward entry.

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