Currency pair
USD/CHF, technical analysis. The basis of the trading system is support and resistance levels, RSI and AO indicators.
The expected pullback has played out, the high was slightly broken, but the price did not go further. The pair tested the resistance level and is now trying to move toward the support level. Now let’s see what the indicators say about the situation for the next 24 hours. The pair has moved down quite well, clearly reached the target and reversed. The chart shows that the pair tested the 0.8190 level and is now trading at 0.8189. RSI is moving in the middle of the range and is hesitantly pointing down, AO is giving a weak buy signal, and the
USDCHF price is above the previous day’s trading range. The signals are not very strong, but there is a chance of a slight decline. Therefore, a move toward the 0.8145 support level can be assumed. Based on the analysis, cautious short positions with a target of 0.8150 are recommended. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
