The USD/CHF pair has resumed its impulsive growth yesterday and earlier today touched 0.9055. Offset is downward in the near future, testing 0.9040 - 0.9000, noted Forex analysts of Tusar Forex
The dollar-franc currency pair, as seen from the four-hour schedule, after the downward momentum pushed away from the bottom of the trading channel. Perhaps correction will reach the resistance line, to the level of 0.9120
USD/CHF pair hasn’t continued its impulsive decline yesterday, touching 0.9191. As can be seen on the hourly chart below, noted the Forex analysts of Tusar Forex, price is moving backwards over the exponential moving average of the day with a period of 200, which may interrupt the downward phase after the formation of the double top formation.
According to the experts of Forex TUSAR clear break above that area could trigger further bullish pressure testing 0.9250 area, which needs a clear breakout above to complete the current phase and continuation of a downward correction of the main ascending scenario.
