Technical analysis of USD/CHF 09/05/2019
After a downward correction in the upward channel on the 4H timeframe, the USD / CHF currency pair found support at 0.9800, after which it resumed growth.
At the moment, there is reason to expect the development of upward movement within the channel with a target in the region of 0.9870 (August maximum).
Cancellation of the growth option for the pair will be a decrease below the zone level of 0.9800, which will indicate a breakdown of the lower boundary of the channel on the 4H time frame and a possible change in trend.
Created by Joshua Hayn