Technical analysis of USD/CHF 03/02/2021

The USD/CHF currency pair on the daily chart has broken up the downtrend line and (MA 200). Currently, the quotes are at the level of 0.9200 (38.2% Fib). The technical picture is such that an upward correction up to 0.9330 (50% Fib) is possible. Convergence on the RSI indicator favors the formation of the pair’s growth. Cancellation of the growth option will be a price decrease below the previous high of 0.9040 (23.6% Fib).

USDCHF_STPDaily

Created by Joshua Hayn

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