21.08.202406:59 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Wednesday August 21, 2024.

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With its price movement moving below the EMA 200 confirming that the main currency pair USD/CHF is being dominated by Sellers where this is confirmed by the appearance of the Rising Wedge pattern and the Deviation between price movements and the Awesome Oscillator indicator so that in the near future USD/CHF has the potential to continue its weakening where the level of 0.8502 will be tested to be broken downwards if successful then the next level to be targeted is 0.8460 and if the momentum and volatility support then 0.8430 will be the next target to be targeted but all these weakening scenarios will be invalid and canceled by themselves if suddenly there is a significant strengthening correction where the level of 0.8653 is successfully broken and passed by USD/CHF.

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