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08.06.2023 06:50 AM
USDCHF, H4 | Break above the resistance?

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The USD/CHF chart exhibits bullish momentum as the price remains above a significant ascending trend line, suggesting further potential for upward movement.

There is a possibility of continued bullishness towards the first resistance level at 0.9117, identified as an overlap resistance.

Support levels at 0.9023 and 0.8954, the latter coinciding with the 61.80% Fibonacci retracement, serve as significant levels of potential support.

An intermediate resistance level at 0.9091 is recognized as a multi-swing high resistance, highlighting its importance.

Dean Leo,
Analytical expert of InstaForex
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