The USDCHF currency pair has been under observation and analysis in recent times, and based on the current market conditions, it is likely to be in a corrective phase.
After the correction, it is expected that the USDCHF currency pair will enter into an impulsive phase. I expect the currency pair to drop to the 0.92000 - 0.91500 price zone. At this level, it is likely that the 200 EMA will provide support. It is recommended that traders monitor the H1 200 EMA, which is a more significant long-term moving average.
To confirm a potential upside move, I'll look for price rejection on the 200 EMA, which can be indicated by a shark fin pattern or divergence on the TDI indicator. If a shark fin pattern is present, it can provide a bullish signal and increase the likelihood of a price reversal to the upside.
Based on this analysis, my medium-term target is 0.945000, and the long-term target is 0.9700.
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