|USD/CHF : Major support at 0.95|
|The Swiss Franc has violently appreciated againt the US Dollar, making a wave of 150 pips. This strong bearish rally call into question the bullish trend on which the pair was since June 21st, following the exif the bullish channel in a 4h timeframe.A test of the major support at 0.95 is expected on the next days. This scenario is reinforced by the breakout of a bullish slant in a 1h timeframe. However, the movements seems to have some difficulties to pursuit, as shown by the big lower shadow and the next small candlesticks on a 1h timeframe. The pair USD/CHF could have the need to rebound to then pursuit its bearish movement. So, a pullback on 0.96 is possible before a test of the major support at 0.95.|
The breakout of 0.95 will give a new sell signal and we will then target a test of the lows of June 17th and 20th towards 0.9422.
|Complete sheet of the pair USD/CHF - Previous USD/CHF Analysis|
Chart of the pair USD/CHF - Timeframe 4H - Zoom in :
Chart of the pair USD/CHF - Timeframe 4H - Zoom out:
USD/CHF Live Chart - Timeframe : 4h