USD/CHF analysis for April 20, 2023 – Potential for the drop towards lower reference
April 20, 2023 8:03 am
Technical analysis:
USD/CHF has been trading downside this morning and I found potential for the further downside movement.
Due to the breakout of the triangle pattern in the background and the downside cycle in the background, I see potential for the further downside movement.
Downside objective is set at the price of 0.8875
MACD oscillator is showing downside momentum, which is sign for the further downside movement.
Key resistance is set at the price of 0.8980
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/CHF has
been
trading
downside
this morning and
I found potential for the further downside movement.
Due
to the breakout
of the triangle pattern in the background and the downside cycle in
the background, I see potential for the further downside movement.
Downside
objective is set at the price of 0.8875
MACD
oscillator is showing
downside
momentum, which is sign for the further downside movement.
Key
resistance is set at the price of 0.8980
The material has been provided by InstaForex Company – www.instaforex.com
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