A great opportunity for Shorting USDCHF

This is the weighted average USD. As it can be seen the first day of the New Year it touched the resistance. The first target which was the support shown in the chart has been missed by a few pips. I expect USD to be weakening again to visit the missed target and possibly go lower.


This is the weighted average CHF. In the worst case scenario if it falls further it cannot go lower more than 1% due to having very strong support.


Weaker USD plus Stronger CHF is what we need to go Short USDCHF.