The USD/CHF chart exhibits neutral momentum with potential fluctuations between the 1st resistance and 1st support levels. The 1st support at 0.8861, a pullback support coinciding with the 127.20% Fibonacci Extension, is a significant level. The 2nd support at 0.8766, a multi-swing low support, is reinforced by the 161.80% Fibonacci Extension. On the resistance side, the 1st resistance at 0.8904 is a pullback resistance where selling interest may arise. The 2nd resistance at 0.8961 is also a pullback resistance, suggesting potential barriers to further upward movement. Traders should monitor these levels for price reactions in the USD/CHF chart.
FX.co ★ USDCHF H4 I Neutral Momemtum?
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USDCHF H4 I Neutral Momemtum?
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade