The price of USDCHF has fallen to our area of strong demand and is currently in a consolidation trend. In addition, the price has reacted to a very reliable trend line several times. The price line is currently showing 0.95070, which is the spot where the static support line and the dynamic trend line converge.
The MACD line is about to break the signal line and the MACD bars have already turned light red. Also, when the RSI goes below 30, it indicates that the asset is oversold and the downtrend is likely to end.
Regarding all price chart analysis, a trend change is expected and the best entry can be 0.95023 and the first target is 0.95475..

• There is resistance at 0.95475, followed by resistance at 0.95603 and 0.96055.
• There is support at 0.95023. Below, there is 0.94846 and 0.94604.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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