USD-CHF

4 Mei 2023

The price of the franc on the pair against the US dollar is currently at the level of key support, which has already been tested several times recently. This price level of support (support) is key, it has already been tested by the price many times in the past. As we can see on the H4 chart, there is a medium-term downward trend on this currency pair, however, the price settled around the price support, where a sideways trend began to form, i.e. new lower lows were not formed. However, the last closed candles indicate that the selling pressure is still there and that there is room for an eventual sell position with the aim of breaking through the support. The target price is therefore slightly below the support level.