Technical analysis of USD/CHF 07/04/2019

After the upward correction, the USD/CHF currency pair is consolidating along the upper border of the downward channel in the zone of the level of 0.9550 (MA100) on a 4H timeframe.
At the moment, there is reason to expect the downward movement as a forming of a projection to the 0.9630 level.
RSI indicates the falling option of the pair.
Cancellation of the USD/CHF falling option will be a strong growth above the area of 1.0000, which will indicate a breakdown of the resistance level and (MA 100) on the 1D timeframe.

USDCHF_STPH4

Created by Joshua Hayn

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