FX.co ★ USD/CHF

H-4 chart technical outlook USD/CHF Hello colleagues. It turns out he wants to go after some assets, and I mean the same large companies that are weakening against the dollar, and hold on to other assets, and here I mean safe-haven assets, such as gold. The situation in the world is heating, and safe-haven assets are being bought up. That is why we get such a movement in the pair. Opening Europe led to the fact that the dollar was bought up, and large companies fell, which dragged the franc down with them. We are observing a rebound from EMA50, which is at the level of 0.8822, and we will see how the resistance level as EMA20 at 0.8840 reacts. This rebound may lead to a breakdown of support, and in this case, the decline and work on the wedge may continue. An upward breakout will send yesterday's high into the update, and this will open the way to 0.8915. The medium-term expectations for USD/CHF are towards the growth of the asset, and I will continue to expect it until the end of a certain period in the 90s. But I want to get a full development of the wedge formation and correct there. Yes, the top of the candlestick corresponds to the four-hour average. We will see, if there is also a normal growth later, we can move towards the upper part of the Bollinger band, which is at 0.8921, and, from there, the price may well go down. If, however, there is another attempt to decline, I think we will go below the upper MA. Then the decline may go towards the lower MA and the average Bollinger, this is the area of 0.8761/50. There, you will also need to see if the price will decline, or if it will rise above one line. If the price moves to the lower half of the Bollinger Band, the decline can reach the lower Bollinger Band, which is at 0.8577. Good luck trading everyone!