USDCHF: Descending Triangle

USDCHF, H2

USDCHF is in a decline and retests the critical support zone at 0.8810 level.
The RSI shows a bullish divergence, however, the 50-MA crossew the 100-MA down, which gives mixed opportunities.

If the price breaks above the trendline, it will trigger a rise to 0.8850 resistance.
However, breaching below the support zone will drop the asset the 0.8770 level.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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