FX.co ★ Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Monday July 08 2024.

If we look at the 4 hour chart of the main currency pair USD/CHF which is already below EMA 20 & EMA 50 and also confirmed by the Awesome Oscillator indicator which is also below the negative area, this gives an indication that Sellers have started to enter so that in the near future it seems that USD will start to weaken against the CHF currency where as long as there is no significant strengthening correction, especially if it breaks above the 0.9005 level, then USD/CHF in the near future will try to test the 0.8936 level. If this level is successfully broken downwards then 0.8895 will be the next target it will aim for if momentum and volatility are supportive.

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