FX.co ★ Alpha302 | USD/CHF

USD/CHF Technical analysis H-1 Chart

The USD/CHF currency pair continues to show a minor correction. Prices break through the area between the signal lines downwards, which indicates pressure from sellers and a possible continuation of the decline in the asset price from the current levels. In the near future, we can expect an attempt to grow USD/CHF and test the resistance area near the level of 0.7935. If the price rebounds downwards, USD/CHF will continue to decline with a potential target below the level of 0.7815. If the USD/CHF rate does not decline, this will mean that the rate has not broken through the resistance area and will continue to grow. In this case, the rate may reach the level of 0.8275. If the USD/CHF rate does decline, this will mean that the rate has broken through the support area and closed below the level of 0.7855. The forecast for the USD/CHF pair suggests an attempt to develop an upward correction and test the resistance area near the level of 0.7935. Then, the downward movement of the pair is expected to continue with a target below the level of 0.7815. If there is strong growth and a breakout of the 0.8025 area, this will mean a breakout of the resistance level and continued growth of the pair with a potential target above the 0.8275 level. Because my system shows the scheme so, for this, I am writing in advance and wrote about the level of EURUSD target 1.1750-1.2000, for GBPUSD 1.3750-1.4000, and for USDCHF 0.7750 and 0.7500. I think that on all three pairs the first target has already been taken, then the second, and this is most likely through a correction.