Technical Analysis Post

USDCHF Retracement? 08.03.2023

| 08 March, 2023 at 15:52 GMT

USDCHF Retracement? 08.03.2023 by BDSwiss_Academy on TradingView.com

Another opportunity for retracement might be with USDCHF

The fibo tool fits perfectly with the market to move slowly during the day for now.

The next step is to wait until a break of 0.94100 support level to provide more push
downwards towards the 61.8% of the whole move.

The only problem is the speech at 17:00 GMT+2
in which Fed Chair Powell Testifies. This is probable to create a distortion in this analysis.