FX.co ★ Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Thursday December 05, 2024.

Although it is seen on the 4-hour chart that the main currency pair USD/CHF is moving in a ranging-sideways condition where this is confirmed by the movement of the EMA 21 which moves in the middle of the candlestick body, but with the appearance of a deviation between the price movement of USD/CHF and the Awesome Oscillator indicator and followed by the appearance of the Head & Shoulders pattern, it is confirmed that in the near future USD/CHF has the potential to weaken down where 0.8800 has the potential to be tested in the near future if it is successfully broken and closes below this level, then USD/CHF will continue to weaken to 0.8684 and if the momentum and volatility support it, then 0.8612 will be the next target to be aimed for, but all these weakening scenarios will be invalid and canceled by themselves if suddenly USD/CHF moves significantly stronger again, especially if it breaks through and closes above the 0.8950 level.

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