Technical analysis of USD/CHF 02/15/2018
The USD/CHF currency pair continues to move within the ascending channel on the 4H timeframe. At the moment, we should expect an attempt to test the support area near the level of 1.0000 and continue growth with the goal above the level of 1.0100.
The test of the trend line on the RSI indicator, as well as a rebound from the lower boundary of the channel coinciding with the MA100, will favor the growth of the USD/CHF pair.
Cancellation of the growth of the pair USD/CHF will be the fall and the breakdown of the area of 0.9930, which will indicate that the breakdown of the lower channel border area coinciding with the MA200 and the continued decline in quotations.
Created by Joshua Hayn