FX.co ★ Technical analysis of USD/CHF

USD/CHF:

The chart shows the movement of USD/CHF in the four-hour (H4) chart on July 22, 2022.

As follows from the previous analysis, the pair reached the expected values by the end of the trading week.

Further analysis suggests two possible scenarios:

1. Breakdown of the lower border of the support area (marked with a yellow rectangle) - 0.958.0 and continued decline towards 0.948.0 CHF and 0.942.0 CHF per 1 US dollar;

2. temporary trend reversal from the lower border of the support area to 0.9723.

It is not advisable to open any position at current prices (marked with a yellow rectangle).