Technical analysis of USD/CHF 04/02/2021

The currency pair USD/CHF, as part of an upward correction, came to the key resistance level of 0.9470 (61.85 Fib). If the pair manages to break through and stay above this level, this will mean a trend change on the daily timeframe and the way for growth to the 0.9900 level (2020 high). Cancellation of the growth option will be a decrease in below 0.9000 (MA100), which will mean the continuation of the downtrend after the correction on the daily chart.

USDCHF_STPDaily (2)

Created by Joshua Hayn

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