Technical Analysis of Daily Price Movement of USD/CHF Main Currency Pairs, Monday August 07 2023.
August 7, 2023 7:23 am
Because the CCI indicator managed to break down its three main levels and is now stuck at level 0 which indicates a resistance on the daily chart of the main USD/CHF currency pair, as long as USD/CHF is not corrected upwards beyond the 0.8804 level then in the next few days the currency pair This currency will try to go down to test the 0.8551 level as its main target and if the momentum and volatility are sufficiently supportive then the 0.8458 area level will be the next target to go.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Because the CCI indicator managed to break down its three main levels and is now stuck at level 0 which indicates a resistance on the daily chart of the main USD/CHF currency pair, as long as USD/CHF is not corrected upwards beyond the 0.8804 level then in the next few days the currency pair This currency will try to go down to test the 0.8551 level as its main target and if the momentum and volatility are sufficiently supportive then the 0.8458 area level will be the next target to go.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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