Technical analysis of USD/CHF 06/27/2019
The USD/CHF currency pair found support at 1.9700 within the lower boundary of the downward channel and is currently showing corrective growth. At the moment, there is reason to expect a continuation of the correction to the level of 0.9890, after which the continuation of the fall within the downward channel and the development of the projection to the level of 0.9630.
In favor of the corrective growth of the pair to the level of 0.9890, there is a coincidence of MA100 and 61.8% on the Fibo grid, as well as underpayment on the RSI indicator.
A strong growth is above the 1.0000 area, which will indicate a pair’s exit from the downward channel will be a canceling the option of a subsequent decline in the pair USD/CHF.
Created by Joshua Hayn