Technical analysis of USD/CHF 05/04/2023
The USD/CHF currency pair on (1D) is trading in a downward channel in the process of working out the “Double Top” pattern.
The price updated the yearly low of 0.8820 and is currently in the 0.8850 area.
The technical picture suggests that the downtrend will continue to develop in order to work out the “Double Top” pattern in the area of 0.8760 (annual low in 2021).
The nearest resistance is the level zone 0.9100 (upper border of the descending channel), (MA100).
Created by Joshua Hayn
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