Correction Upside Towards Resistane 0.9260$ and 0.9490$
USD/CHF has developed a potential reversal pattern at daily and h4 chart, the confirmation will come from the USDX if the index validates its double bottom pattern as well. The pair now less under selling pressure, after some strong USA data last Friday.
The pair is trapped within a down channel, so a USDX's drop could push USD/CHF towards fresh new lows. The dollar needs support from the US economy coming weeks data. Currently, USDCHF holding Multi-month Support level 0.9090, after Strong USA report last week pair looking now correction upside towards R-1 (0.9260) and more high break out level R-2 (0.9490)
🛑SUPPORT/RESISTANCE
✅S1= 0.9090
✅S2=0.8910
✴️R1=0.9260
✴️R2=0.9490
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The pair is trapped within a down channel, so a USDX's drop could push USD/CHF towards fresh new lows. The dollar needs support from the US economy coming weeks data. Currently, USDCHF holding Multi-month Support level 0.9090, after Strong USA report last week pair looking now correction upside towards R-1 (0.9260) and more high break out level R-2 (0.9490)
🛑SUPPORT/RESISTANCE
✅S1= 0.9090
✅S2=0.8910
✴️R1=0.9260
✴️R2=0.9490
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.