Technical analysis of USD/CHF 06/25/2020
The USD/CHF currency pair on the Daily chart is moving in a downtrend. The pair broke through the level of 0.9500 (61.8% Fibo) and is currently consolidating in the zone of 0.9450. The technical picture suggests the continuation of the downtrend in order to reduce to annual minimums in the region of the level of 0.9200. A signal to cancel the decline in the pair will be an increase above the level of 0.9750 (MA200), which will mean a breakdown of the upper boundary of the channel and a possible change in the trend on the daily timeframe.
Created by Joshua Hayn