Technical analysis of USD/CHF 03/26/2021
The USD/CHF currency pair found resistance at the level of 0.9380 as part of the upward trend, after which it corrected to the level of 0.9200 (38.2% Fib) and (MA100) and again began to form an upward movement. At the moment, the quotes are in the area of 0.9400, which means the break of the annual maximum and the resumption of the upward trend. The next resistance level is at the 0.9500 level, which may be the basis for the pair’s continued movement in the ascending channel on the 4H chart. Cancellation of the growth option for the pair will decrease below the level of 0.9200.
Created by Joshua Hayn