USD/CHF in range pattern, 0.9393 as downside obstacle | Market Analysis
 

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USD/CHF in range pattern, 0.9393 as downside obstacle
12:47 2022-11-25 UTC--5

USD/CHF Sideways Movement!

The currency pair is moving sideways in the short term. It was trading at 0.9457 at the time of writing. It's trapped between 0.9383 (downside obstacle) and 0.9599 (upside obstacle) levels.

After jumping above the downtrend line, the price was somehow expected to grow. As long as it stays above 0.9383, it could come back higher at least towards 0.9599.

USD/CHF Trading Conclusion!

Dropping and stabilizing below 0.9383 activates a deeper drop. On the other hand, passing above 0.9599 confirm a larger growth.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.