Technical analysis of USD/CHF 09/21/2022
The USD/CHF currency pair on the (4H) chart is showing an upward correction. The price failed to close above resistance 0.9700 (50% Fibo), (MA100) and is currently consolidating around the support area of 0.9630 (MA200).
The technical picture suggests that the pair may drop from current levels to the low of 0.9480.
The signal to cancel the reduction option will be the growth of quotes above 0.9720 (61.8% Fibo), (MA100), which will indicate continued growth towards the maximum of 0.9870.
Created by Joshua Hayn