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USD/CHF Signal - USD 3 Year Note Auction - 10 Aug 2021

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Signal Details
Entry Price: 
0.9198
Take Profit: 
0.9140
Stop Loss: 
0.9230
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF has traded into resistance prior to the USD 3 Year note Auction, which reveals the yield on the bill. Technically the pair is at resistance, and the RSI is showing strong overbought levels as well as bearish divergence. We anticipate downside into the 0.9140 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.