Technical analysis of USD/CHF 03/11/2021

The USD/CHF currency pair is showing strong growth as part of the correction on the daily chart. The price found resistance in the area (50% Fib) at 0.9379 and is currently trading at 0.9300. The nearest support is at 0.9200. If the pair continues to form an upward correction, the next resistance will be the zone (61.8% Fib) and the level of 0.9470. If quotes go above 0.9500, then we can assume a trend reversal on the daily timeframe with upside potential to the level of 0.9900.

USDCHF_STPDaily (1)

Created by Joshua Hayn

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