FX.co ★ blaise.rogahn | USD/CHF

USD/CHF

Sunday's technical analysis of the pair on the 4-hour chart. Here, the price at the level of 0.76 tested the timeframe minimum and then corrected upwards from there. The strength was enough only to reach the middle of the trend. From the double top level (0.8015), the price is moving back down. The price is testing a large red zone. It is using the blue zone as a resistance level. The price may fully test the red zone and return for a retest of the minimum, which is currently indicated around levels 0.7695, 0.76, or slightly lower.