USDCHF is respecting a key 1D support zone around 0.8100, showing some reaction after a strong downtrend.
• 1D Chart: Testing horizontal support and trendline from Jan-May range.
• 4H Chart: Weak reaction so far – no strong bullish candles yet.
• 1H & 23m Chart: Retesting small 1H order block structure.
Key Zones:
• Support: 0.8080–0.8100
• Resistance: 0.8160 / 0.8210
Bias: Watching for bullish reversal signals. Otherwise, continuation lower below 0.8080.
• 1D Chart: Testing horizontal support and trendline from Jan-May range.
• 4H Chart: Weak reaction so far – no strong bullish candles yet.
• 1H & 23m Chart: Retesting small 1H order block structure.
Key Zones:
• Support: 0.8080–0.8100
• Resistance: 0.8160 / 0.8210
Bias: Watching for bullish reversal signals. Otherwise, continuation lower below 0.8080.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.