Tuesday 6 February 2024

Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Tuesday February 06, 2024.

If we look at the 4-hour chart of the main currency pair USD/CHF, it can be seen that the currency pair has managed to break above the Descending Broadening Wedge pattern but it seems that it will experience a downward correction where the Bullish Fair Value Gap area level (0.8650) will try to be tested as a support level in order to gain upward momentum again so that as long as there is no downward correction below the 0.8628 level, USD/CHF will appreciate again and strengthen up to the 0.8727 level.

(Disclaimer)The material has been provided by InstaForex Company - www.instaforex.com


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