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FX.co ★ USDCHF, H4| Continue to support level?

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Forex Analysis:::2023-08-02T05:28:30

USDCHF, H4| Continue to support level?

USDCHF, H4| Continue to support level?

The USD/CHF pair, displaying a bullish momentum, could potentially progress towards the first resistance level at 0.8819, aligning with the 61.80% Fibonacci retracement. If the price decreases, the first support at 0.8695 and second support at 0.8632, aligning with the 38.20% and 61.80% Fibonacci retracements respectively, could prevent further decline. The intermediate resistance at 0.8776, aligned with the 38.20% retracement, could challenge the bullish trend.

Analyst InstaForex
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