Technical analysis of USD/CHF 07/02/2021

USD/CHF currency pair is showing an upward correction on the daily timeframe. Now the quotes are in the area of the key resistance 0.9270 (61.8% Fib).
If the pair manages to break through and gain above the level of 0.9270, it will mean a change in the trend on the daily chart with the upside potential to the annual high of 0.9470.
The nearest support is the level 0.9140 (MA100).
Cancellation of the growth development option will be the pair’s decline below 0.8930

USDCHF_STPDaily (5)

Created by Joshua Hayn

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