Technical analysis of USD/CHF 09/08/2022
The USD/CHF currency pair on the (4H) chart found resistance at 0.9870, after which it corrected and is currently consolidating around 0.9700.
The technical picture suggests a continuation of the decline as part of the correction.
1. 0.9680 (38.2% Fibo)
2. 0.9620 (50% Fibo), (MA200)
3. 09560 (61.8 fibo)
Cancellation of the development of a downward correction will be the growth of quotations above the maximum of 0.9870, which will indicate the continuation of the uptrend.
Created by Joshua Hayn