USD/CHF Technical Analysis: Expected Decline with Resistance at 0.9000

Friday, 12 July 2024, 06:56

The post provides a technical analysis outlook for USD/CHF, forecasting a further decline with the resistance level at 0.9000 remaining unbroken. The analysis anticipates a potential drop to the support level at 0.88825, following the ongoing downtrend from 0.9223. The near term channel is highlighted as a key factor in the analysis, with a breakdown below 0.8825 likely leading to a retracement towards 0.8778. Conversely, a break above 0.9000 could shift the bias towards an uptrend targeting 0.9049 resistance.

Actionforex — USD/CHF Technical Analysis: Expected Decline with Resistance at 0.9000

USD/CHF Technical Analysis

The post offers insights into the technical analysis of the USD/CHF currency pair, emphasizing the anticipated direction based on key levels.

Key Points:

Expected Decline: Forecasting a further decline with resistance at 0.9000.
Support Levels: Highlighting the potential drop to 0.88825 support.
Near Term Channel: Signifying the ongoing downtrend and its impact on price movements.
Retracement Target: Targeting 0.8778 in case of a breakdown below 0.8825.
Bias Shift: Identifying the potential uptrend if 0.9000 resistance is breached.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

USD/CHF Technical Analysis

Key Points:

Related posts