Technical analysis of USD/CHF 09/24/2020

On the Daily chart, the USD / CHF currency pair has broken through the upper downtrend line and is currently developing an upward movement within the correction, consolidating above 0.9200 (23% Fib). Technical analysis showed a continuation of the correction by 50% Fib, to the level of 1.9400, which is also indicated by the graphical projection from the trend line and confirmed by the convergence on the RSI indicator. Cancellation of the upward correction development scenario will be the breakout of support at 0.9000.

USDCHF_STPDaily

Created by Joshua Hayn

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