Technical analysis

14 October 2021

19:39 USD/CHF dropped to a monthly low

Today, the USD/CHF pair is trading with a decrease from Chf0.9245 to a monthly low of Chf0.9195 and on the hourly chart it is fixed below the MA (200) H1 moving average line (Chf0.9275). On the four-hour chart, the pair dropped below MA (200) H4 (Chf0.9235). In this situation, a scenario of further decline of the USD/CHF pair is likely. Finding a position to sell can be a wise decision for those who want to take advantage of a stronger Swiss franc.



Resistance levels are: Chf0.9245, Chf0.9275, Chf0.9315

Support levels are: Chf0.9195, Chf0.9165,  Chf0.9130


The main scenario for the pair's promotion — breakout of the session minimum of Chf0.9195 and there may be a decline to Chf0.9165 (September 15 low)

An alternative scenario — correction, and there may be an increase to the session maximum of Chf0.9245


14 October 2021, 19:28

GBP/USD rose to a three-week high

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