Tue, 21 Nov 2023 13:23:23 GMT
USD/CHF confirms pattern
Recently the USD/CHF currency pair confirmed that it has been declining in a large scale channel down pattern since the start of October. Namely, the pair bounced off the combined resistance of the pattern's upper trend line, the 50-day simple moving average and the 0.9050 level.
The ongoing decline could look for support in the 2021 low level at 0.8760.