Technical analysis of USD/CHF 09/24/2019

The USD/CHF shows a downward correction within the upward channel on the 4H timeframe. At the moment, the price is consolidating in the region of the 0.9900 level, that coincides with the MA100 and channel lower boundary zone.
There is a reason for the correction forming and the resumption of quotes growth from current levels within the channel with a target of 1.0000.
Cancellation of the growth option for the pair will be a decrease below the zone level of 0.9840, which will indicate a breakdown of the channel lower boundary, as well as MA200, and may mean a possible change in the trend on the 4H timeframe.


Created by Joshua Hayn

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