As previously discussed, the USD/CHF currency pair showed us an intense upward movement, where on the way reach the range resistance level of 1.0050 / 1.0100, stopping unquenchable buyers. Currently, the correction phase in the market and the pair have already reached the first value of 0.9850, which reflects the periodic level paired with the Fibo 23.6 weave. It is possible to assume that the bearish sentiment will still be maintained and if the price is fixed below 0.9850, the way to 0.9770 / 0.9720 will open to players.
* The presented market analysis is informative and does not constitute a guide to the transaction.
The material has been provided by InstaForex Company - www.instaforex.com