USDCHF recently got rejected once again at 0.9190 very close to the recent high made at 0.9206. Price is moving lower towards 0.9080-0.9090 where we find the two key price indicators of the Ichimoku cloud.


The rejection at the cloud resistance confirms the bearish trend we are in. Support by the tenkan-sen and kijun-sen is found at 0.9085-0.9095. Breaking below this level will push price towards 0.9055. Bulls need to break above the Kumo (cloud). As long as price is below the Kumo, price is vulnerable to a visit of November lows.

The material has been provided by InstaForex Company –

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