Technical analysis of USD/CHF 07/02/2019

The USD/CHF currency pair found resistance around 0.9890 (61.8% Fibo) as part of the upward correction. At the moment, there is reason to expect the bearish movement beginning as part of projection to the level of 0.9630 development.
Overbought on the RSI indicator is in favor of the pair declining.

Cancellation of the falling option 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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