Technical analysis of USD/CHF 11/22/2023

The USD/CHF currency pair has completed a downward correction at (1D).

The price dropped to support 0.8820 (61.8% Fib) and is currently in the 0.8840 area.

If the level of 0.8820 (61.8% Fibo) is broken, this will mean that the correction will transition into a downward trend with a target in the area of the annual minimum of 0.8550.

The nearest resistance is the area at level 0.8900 (MA100).


Created by Joshua Hayn

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