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USD/CHF:
The chart shows the movement of USD/CHF in the four-hour (H4) chart on July 22, 2022.
As follows from the previous analysis, the pair reached the expected values by the end of the trading week.
Further analysis suggests two possible scenarios:
1. Breakdown of the lower border of the support area (marked with a yellow rectangle) - 0.958.0 and continued decline towards 0.948.0 CHF and 0.942.0 CHF per 1 US dollar;
2. temporary trend reversal from the lower border of the support area to 0.9723.
It is not advisable to open any position at current prices (marked with a yellow rectangle).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
