Technical analysis of USD/CHF 05/25/2023

The USD/CHF currency pair found support at 0.8820 and started an upward correction. At the moment the price is consolidating around the resistance area of 0.9060 (38.2% Fibo).

If the price breaks and consolidates above the level of 0.9060 (38.2% Fibo), this will mean a continuation of the upward correction with the nearest target in the area of 0.9120 (50% Fibo).

A signal to cancel the option to continue the upward correction will be a decrease in quotes below 0.8820.


Created by Joshua Hayn

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