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13.01.2025 07:16 AM
If we look at the weekly chart of the USD/CHF currency pair, a Bearish BAT Harmonic pattern appears. This is also confirmed by the deviation between the USD/CHF price movement and the RSI indicator (14) which forms the RSI-BAMM (Bat Action Magnet Movement) condition where since USD/CHF managed to break through above the 0.8683 level, it has confirmed the Harmonic pattern so that in the next few weeks as long as there is no significant weakening correction, especially until it breaks through and closes below point A (0.8332), USD/CHF will strengthen to the 0.9939 level.
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