Technical analysis of USD/CHF 10/18/2018

USD/CHF currency pair continues its upward movement. At this point one should expect a correction and an attempt to test the support area near the level of 0.9900 (50% Fibo; MA200).

In favor of the downward correction of 0.9955 will be the resistance test on the RSI indicator. Cancellation of the correction will be further growth and breakdown of the area of 0.9960, what indicates the breakdown of the resistance area.


Created by Joshua Hayn

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