The USD/CHF pair was able to reach February's high yesterday, but was unable to gain a foothold higher it, so a correction model is being formed today. The first target of the decline will be the WCZ 1/2 0.9744-0.9731, where a test of this zone will determine the priority level for the next week. Gaining a foothold higher will allow traders to enter a purchase deal that will aim for an annual high.
Working in the upward direction is a priority. The probability of updating the monthly high exceeds 75%.
On the other hand, an alternative model will develop, if today's trading closes below the WCZ 1/2. It will allow traders to search for sales, where the purpose of which will be the WCZ 0.9606-0.9579. Be careful when working in the downward direction, as this is a correction to the medium-term momentum, which can lead to a sharp increase in demand.
Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
Weekly CZ - weekly control zone. The area formed by the important marks of the futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area that reflects the average volatility over the past year.
