Technical analysis of USD/CHF 05/16/2019

USD/CHF Technical analysis.

USD/CHF currency pair develops a downward movement after the correction and the test of the resistance level of 1.0090 and (MA 200). At this point, there is the reason to expect a continuation of the fall within the framework of working out the projection to the level of 0.9980.

In favor of the pair depreciation, there is a rebound from (MA 200) and a discrepancy on the RSI indicator.

Cancellation of the fall of the USD/CHF will be a strong growth and a breakdown of the area of 1.0100, what indicates a breakdown of the resistance level and (MA 200).

USDCHF_STPH4

Created by Joshua Hayn

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