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.

Support levels:

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.

USDCHF_STPH4

Created by Joshua Hayn

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