Technical analysis of USD/CHF 03/18/2021

The USD/CHF currency pair is correcting within the uptrend on the 4H chart. The price found support at 0.9215, where (38.2% Fib) and (MA100) crossed. At the moment the price is in the area of 0.9300. If the pair forms a correction, the following support levels will be: 0.9160 (50% Fib) and the key: 0.9100 (61.85 Fib) and (MA200). Cancellation of the correction development option will be growth above the last annual high of 0.9380, which will indicate the continuation of the uptrend on the 4H timeframe.

USDCHF_STPH4

Created by Joshua Hayn

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