Technical analysis of USD/CHF 09/09/2020
The USD/CHF currency pair on the Daily chart is moving in a downtrend. The pair found support at 0.9000 from which it corrected to 0.9200 (upper line of the descending channel and 23.6% Fibo). Convergence on the RSI indicator gives grounds to assume the development of a correction and growth to the level of 0.9400 (MA100 and 50% Fib), if the pair manages to break through the resistance of 0.9200. Currently the price is around 0.9130. Cancellation of the upward correction development scenario will be the breakout of support 0.9000.
Created by Joshua Hayn