Based on short term chart analysis in USDCHF it appears a sideways price action is in progress and there is no up or down trend present. From the conservative trading viewpoint, Forex traders must not trade today as the direction of USD/CHF looks uncertain.
Vital area for sellers is present at 0.9955, based on most recent swing high and vital area for buyers is present at 0.9901, based on most recent swing low in fifteen minutes chart of USDCHF. A good idea is to look for a break out or break down in either direction. So, for the time being, currency traders may jump at the chance to stay out of market and just inspect USDCHF Spot Forex pair.



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