Technical analysis of USD/CHF 11/07/2018

USD/CHF currency pair continues to move within the ascending channel on the 4H timeframe. At this point one should expect an attempt to test the support area near the level of 1.0000 and continue the growth with the goal above 1.0090.

In favor of the growth of USD/CHF will be a test of rising trend line on the RSI indicator, as well as a rebound from the lower boundary of the channel coinciding with the MA100.

Cancellation of USD/CHF growth will be a fall and a breakdown of the area of 0.9950, what will indicate a breakdown of the lower channel border and a continued quotes decline.


Created by Joshua Hayn

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