USD/CHF is preparing to resume the growth

The USD/CHF pair is limited by an upward trading channel, the lower border of which is located in the zone 0.9950-20 after a weekly multi-directional movement.

The resumption of growth of this pair can be expected after consolidation above the level of 0.9970-80, which will open the way to resistance levels: 1.0030 and 1.0050.

Breaking through the lower boundary of the ascending channel will cancel expectations for growth.

Read also: “What is interesting about the US Fed meeting in April,

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Hanzenko Anton

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