Technical analysis of USD/CHF 10/16/2020

The USD / CHF currency pair in an upward correction on the daily timeframe found resistance at 0.9300 (38.2% Fib). At the moment, the pair is trading around 0.9150. If the price manages to break through the resistance level of 0.9300 (38.2% Fib and MA100), then the next key resistance will be the area of the 0.9500 level (61.85 Fib and MA200). Convergence on the RSI is in favor of growth. The key support is the annual low at 0.9000.

USDCHF_STPDaily

Created by Joshua Hayn

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