FX.co ★ Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Wednesday, January 03 2024.

With the appearance of Wiseman 1 until 3 at the 4 hour chart, the main currency pairs of USD/CHF gives the clue that in the near future, the USD/CHF will appreciate upward, but before there will be a downward correction until the level area of 0.8445-0.8414. If this level successfully hold the downward correction (function as the support level area) very well, then USD/CHF will continue its strength to the level 0.8529 as the main target and level 0.8609 as the next target if the momentum and the volatility is quite supporting today. But, if on the way to those target levels suddenly USD/CHF return to the first bias until breaks below the level 0,8332, then all the strengthening scenario that has been described before will cancel itself.

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