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Forex Analysis & Reviews: USD/CHF in range pattern, 0.9393 as downside obstacle
time 25.11.2022 07:47 PM
time Relevance up to, 26.11.2022 07:47 PM

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USD/CHF Sideways Movement!

The currency pair is moving sideways in the short term. It was trading at 0.9457 at the time of writing. It's trapped between 0.9383 (downside obstacle) and 0.9599 (upside obstacle) levels.

After jumping above the downtrend line, the price was somehow expected to grow. As long as it stays above 0.9383, it could come back higher at least towards 0.9599.

USD/CHF Trading Conclusion!

Dropping and stabilizing below 0.9383 activates a deeper drop. On the other hand, passing above 0.9599 confirm a larger growth.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2023
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US Dollar vs Swiss Franc
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