Technical analysis of USD/CHF 06/20/2019

The USD/CHF currency pair, after an unsuccessful attempt to break through resistance at 1.0000, continues to develop a downward movement. At the moment, there is reason to expect a correction within the emerging downward channel to the level of 0.9950, after which we should expect a continuation of the fall as part of the development of the projection to the level of 0.9630.
In favor of reducing the pair stands trend line on the RSI indicator.
Cancellation of the fall of the pair USD/CHF will be a strong growth above the area of 1.0000, which will indicate a breakdown of the resistance level and (MA 200) on the 1D timeframe


Created by Joshua Hayn

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