FX.co ★ Technical Analysis of the Daily Price Movement on the Main Currency Pair USD/CHF Wednesday 16 November 2022.

Although USD/CHF on the daily chart is still moving harmoniously inside the weekly channel which dipped upwards which means that Buyers are still more dominant even though in fact on the Daily chart the USD/CHF is still moving in a sideways condition as for now after successfully testing the support level 0.9370 which is actually in the Bullish Rejection Block area, it looks like USD/CHF in the next few days will try to go up to run a liquidity pool at the level of the Equal High area which is at the level of 1.0147 but if on the way there suddenly USD/CHF experiences a significant correction until it passes below the level of 0.9350 then the most likely scenario to test the Equal High level which previously described will be invalid.

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