Technical analysis of USD/CHF 07/30/2021

USD/CHF currency pair is in a downward movement on the daily time frame. Currently quotes are at the 0.9060 area.
The next support is at 0.9030, if the pair manages to consolidate below, then it will open the way for bear movement to the level of 0.8930.
The nearest resistance is the level of 0.9130, and behind it the key resistance is the level of 0.9230, which breakdown will mean going beyond the downtrend channel, changing the trend and opening the opportunity for bull movement to reach annual highs around the level of 0.9470.

USDCHF_STPDaily (7)
Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>