On the daily chart of the USD/CHF pair one can see that after the rapid growth of prices last week the market bounced back and currently demonstrates a progressive decline through a brief candle to the level of 0.9650.
Drastic jumps off the course were caused by the news from the United Kingdom. Regardless, now the market is corrected and returns to positions in the price range 0.9650 - 0.9560.
A powerful downward movement already exists and after hitting the support at 0.9650 we can confidently hope for a retreat into the area around 0.9570 and 0.9560.
The Next Few Days
Today we recommend considering short positions on the USD/CHF with the first target at 0.9627. The second target (in case the first one's overcome) should be 0.9549. You can set the Stop loss above 0.9760 and if this line decreases, then move the S/L after it.
Take-profits can be set slightly above the target levels, approximately at 0.9635 and 0.9555. Long positions are currently not relevant. In addition to the technical picture you should also consider fundamental data and the time of its release. If possible, open trades proactively and move to a smaller timeframe (M15-M30), watching the reversal of trend indicators.
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