Technical analysis of USD/CHF 11/13/2020
USD/CHF renewed its 1-year low and found support at 0.8980. Then it corrected to MA100 on the daily chart and 23.6% Fibo at 0.9200. If the pair manages to overcome the resistance level of 0.9200, this will give grounds for the development of an upward correction to the area of 0.9400, where MA200 and 50% Fibo coincide. Convergence on the RSI is in favor of the upward correction. The nearest support is the latest low at 0.8980.
Created by Joshua Hayn