Technical analysis of USD/CHF 09/18/2019

USD/CHF within the upward channel on the 4H timeframe found resistance at the level of 0.9970 (August maximum) and rebounded, forming a correction in the zone of 0.9920.
At the moment, there is reason to assume the continuation of the upward movement within the channel with a target around 1.0000.
Cancellation of the growth option will be a decrease below the zone level of 0.9830, which will indicate a breakdown of the lower boundary of the channel, as well as MA100 and MA200, and may mean a possible change in the trend on the 4H timeframe.

USDCHF_STPH4

 

Created by Joshua Hayn

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