Technical analysis of USD/CHF 09/29/2021
After a slight correction from the level of 0.9330, USD/CHF currency pair broke through the key resistance of 0.9270 (61.8% Fib) for the second time. This suggests a transition to an uptrend with a potential growth target to the level of 0.9470 (annual maximum).
Cancellation of the continuation of the upward movement will be the quotes decline below the level of 0.9100. This will mean the breakout of (MA100), (MA200) and the uptrend line and it will be a signal for a possible continuation of the downtrend in the daily time frame.
Created by Joshua Hayn