Technical analysis of USD/CHF 05/25/2022

The USD/CHF currency pair fell to 0.9575 as part of a downward correction and is currently trading around 0.9620.

Due to the fact that the price broke through the support at 0.9630 (50% Fibo), (MA200), the technical picture suggests a continuation of the correction with the target of 0.9530 (61.8% Fibo).

In favor of the development of the downward movement is the divergence on the RSI indicator.

The canceled option to continue the downward correction will be the growth of the pair above the high of 1.0064.

USDCHF_STPH4

Created by Joshua Hayn

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