USDCHF 4H Analysis

The USDCHF is currently in the consolidation phase, trading around 0.8658 after a strong bullish move earlier in October. Price is consolidating within a tight price range, which could indicate a potential breakout. Traders should wait for a confirmed breakout of the range before considering positions. Seasonality also suggests that CXY remains bearish from the end of October till mid of November and DXY remains bullish in the respective time.