USD/CHF
The quote of the dollar-franc pair, touching the 200-day moving average on the chart we can see the blue line, the fall has been stopped just at this level, according to the Fibonacci retracement is around 23.6% we believe that even still there are no signs of a change of short-term trend, but we can be prepared in the second weekly support about 0.8620, to take an upward position.
Therefore, all back to weekly support levels (S2, S3), about 0.8600 and below, they represent an attractive price for the purchase. By contrast, an upward movement with a break of 0.8900 test will confirm the continuation of the positive momentum of the pair. Our target price is near the important resistance 0.9300 francs per dollar.
