Technical analysis of USD/CHF 10/10/2019

The USD/CHF currency pair showed a downward correction within the corrective upward channel on the 4H timeframe. At the moment, the price has bounced off the support of 0.9900 (MA200) and is developing an upward movement.
There is reason to assume continued growth of quotations within the channel with a target above 1.0000.
Cancellation of the growth option for the pair will be a decrease below the zone level of 0.9900, which will indicate a breakdown of the lower boundary of the channel, 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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