USD/CHF Price Analysis: Bears stay in control but are making hard work of it

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USD/CHF Price Analysis: Bears stay in control but are making hard work of it
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USD/CHF Price Analysis: Bears stay in control but are making hard work of it – by fx_ross USDCHF Technical Analysis

From a longer-term viewpoint, USD/CHF is wedged between support and resistance leaning with a downside bias. There is a case of both bullish and bearish on the weekly chart as illustrated above. The daily chart's outlook is mildly bearish as the correction is long in the tooth which indicates the bears are reluctant but at least holding the price below dynamic resistance. A break of trendline support opens the risk of a downside continuation.

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