FX.co ★ Technical analysis of USD/CHF

USD/CHF:

The chart shows the movement of #USD/CHF on the daily (D1) chart.

Quotes are likely to move towards 1.0214, after which it will reverse and go down to 0.9605. This could happen by March 21, 2023.

The level of 1.0214 was calculated from the pair's 8-year history of highs, but it is uncertain whether the pair will really head in this direction (there are doubts about the accuracy of the inclined blue line - the key resistance level).

All calculations are based on the "theory of fractal extremes", which makes use of previous price movements when determining the next highs of quotes.

Good luck!