USDCHF: Parabolic Price Action & Technical Outlook

5 Jan 2021

Swiss franc is one of the pairs that is very strong against the dollar not since lockdowns this year but since the beginning of 2019th.

From that, we can derive, that the pair is driven not only because of current USD weakness but also something else.

Based on that we can expect a further decline on the pair.

0.835 - 0.855 is the next strong major weekly support.
Most likely it will be the next long term goal for sellers.

Follow the parabolic channel as the spot for safe entries and goals.

Are you also bearish on USDCHF?

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