Technical analysis of USD/CHF 06/06/2019
The USD/CHF currency pair within the descending channel corrected upwards by 38.2% on the Fibo grid to the level of 0.9945, which coincides with the broken upward trend line on the 1D time frame. At the moment, there is reason to expect a rebound and the resumption of the fall to a level of 0.9850.
In favor of the depreciation of the pair are the data of the RSI indicator, as well as the change in the direction of MA200.
Cancellation of the fall of the pair USD/CHF will be the growth and breakdown of the area of 0.9950, which will indicate breakdown of the resistance level and movement towards the resistance level of 1.0000 (61.8% Fib).
Created by Joshua Hayn