USD/CHF: franc entered the intersection

USD/CHF: franc entered the intersection

On the USD/CHF daily chart, there is a struggle for the important level of 0.9636. If Bulls manage to push quotes higher, the risk of correction towards the current downtrend in the direction of 0.972 and higher will increase. In contrast, in the case of Bears’ victory, there will be a continuation of the downward movement towards targets 224%, 126.2% of the AB=CD and Crab patterns.


On the USD/CHF hourly chart, the result of the test of the support in the form of the lower border of the upward trading channel will indicate a further direction of the price movement. If Bears manage to test this level successfully, there will be a continuation of the downtrend. Their failure will lead to the development of correction.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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