Sasha Singh
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USDCHF : Trading in Overbought Zone, Sell Off Pressure

USDCHF on 4 hour chart seems like trading within an upward sloping channel. The pair should fall from the resistance trend line until it find support from the support trend line. On the stochastic oscillator also the pair is in the overbought zone and we could see some sell off in the pair. The major reason for the sell off would be missed non-farm employment change data. A good opportunity to short the pair right now.