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28.11.2022 02:52 PM
Technical analysis of USD/CHF

#USD/CHF:

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The chart shows the movement of USD/CHF on the 4-hour (H4) chart.

Quotes reached the key support level of 0.9397, which is very important for future dynamics. As long as the level remains strong, there could be an upward trend.

In fact, for so long, the pair tests 0.9600 then returns to the key support level. This allows further long positions in the market, usually located near the support level, with targets up to 0.9600.

But if the level is broken, the pair is likely to drop to the level of 0.9330.

Good luck!

Daniel Liderman,
Analytical expert of InstaForex
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