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USD/CHF Signal - USD 3 Month Bill Auction - 24 May 2021

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Signal Details
Entry Price: 
0.8977
Take Profit: 
0.8935
Stop Loss: 
0.9010
Direction: 
Sell
How we trade
Average: 4.5 (2 votes)

USDCHF is trending to the downside today prior to the USD 3 month bill auction data, which shows the yield on the 3 month bills. Technically the PPO is in a bullish cross and price has rejected out of the resistance structure. We anticipate downside on the pair into the 0.8935 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.