USD/CHF Technical Analysis: Sellers hopeful on Doji formation below monthly trendline

Summary:
USD/CHF portrays buyers’ exhaustion despite the absence of losses since Tuesday. December month low will be the key to watch. USD/CHF trades mostly unchanged around 0.9730 while heading into the European session on Friday. The pair formed a Doji candlestick on the daily (D1) chart by Thursday’s end after recovering for the two consecutive prior days. Considering the candlestick formation indicating the reversal of the previous trend, coupled with the pair’s sustained trading below a downward sloping trend line since December 06, the pair’s further recovery is doubtful. As a result, sellers will look for entry below Thursday’s low of 0.9711 while targeting 0.9675 and the 2019-end low of 0.9645. During the quote’s extended downpour beneath 0.9645, 0.9600 and

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Anil Panchal considers the following as important: 1) SNB and CHF, 1.) FXStreet on SNB&CHF, Featured, newsletter

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