Technical analysis of USD/CHF 04/28/2021

USD/CHF currency pair on the daily chart shows a downward correction within an uptrend. Now the pair is trading at 0.9120 in the area (50% Fib) and the lower channel line.
If the pair manages to break through and consolidate below the level of 0.9100, then the next support will be at the level of 0.9040 (61.8% Fib) and (MA100).
If the pair does not fall below the level of 0.9100 and remains within the current channel, it will mean a possible resumption of a new wave of upward movement in the current trend with a target above the annual high of 0.9460.


Created by Joshua Hayn

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