09.02.2023 05:14 AM
Technical Analysis of Weekly Price Movement of USD/CHF Main Currency Pairs, Thursday February 09, 2023.

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After USD/CHF main currency pairs succesfully breaks above Equal High on the level 1,0027 which was the target of the BULL movement on the weekly chart of the currency, now USD/CHF is being pulled down where this has been confirmed by the appearance of a deviation between the price movement and the Awesome Oscillator indicator and the halting of its weekly upward correction movement by the Dynamic Resistance of the 10 weeks average price movement, so that within the next few days USD/CHF will try to move down to get to its BEARISH target level at the level of 0.8925 but if on its way to the target level previously mentioned USD/CHF suddenly undergoes a correction upwards past the level 0.9370 then most likely the current Bearish bias will be restrained and possibly reverse direction so that the scenario previously described will become invalid and automatically cancel itself.


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