FX.co ★ Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Thursday July 27, 2023.

If we look on the 4 hour chart of USD/CHF main currency pairs, there is a few interesting things to see:

1. The appearance of Failing Wedge pattern.

2. There is a deviation between price movement with Stochastic Oscillator indicator.

3. The price currently hold on its Bullish Fair value Gap area.

Based on those three things above, then USD/CHF in the nearest future has the potential to rally up to tested the level 0,8699. If this level succesfully broke above, then level 0,8791 has the potential to be the next level to be tested. However, all of this will be invalid by itself if on the way to these targets suddenly the USD/CHF turned down below to break the level 0,8554.

(Disclaimer)