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.

USDCHF_STPDaily

Created by Joshua Hayn

 

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