Technical analysis of USD/CHF 10/08/2021

The USD/CHF currency pair, after a slight correction from the level of 0.9365, is consolidating above 0.9265. The pair is currently trading around 0.9270. This suggests a continuation of the uptrend with a potential target of growth to the level of 0.9470 (annual maximum).

Cancellation of the continuation of the upward movement will be a decline in quotations below the 0.9100 area. This will mean the breakout of (MA100), (MA200) uptrend line and serve as a signal for a possible continuation of the downtrend in the daily period (D1).

USDCHF_STPDaily

Created by Joshua Hayn

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