Currency pair USD/CHF, technical analysis. The basis of the trading strategy - support and resistance levels, RSI and AO indicators.
The pair tested the resistance level, but failed to go higher, and is now trying to reach the support level. Now let's see what the indicators say about the situation for the next day. The pair has descended well, hit the target precisely, and reversed. On the chart, it can be seen that the pair tested the level of 0.7830 and is currently trading at a price of 0.7827. RSI is moving in the middle of the range and looking down uncertainly, AO is showing a weak selling signal, and the price of the USD/CHF pair is within the trading range of the previous day. The signals are not very strong, but there is a possibility of a slight decrease. Therefore, a movement towards the support level of 0.7800 can be assumed. Based on the analysis, cautious selling is recommended with a target of 0.7805. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
