Chart of the Day – USDCHF – (August 1st, 2023)

The USDCHF stalled ahead of the .8800 level breakdown point and at the 38% retracement at .8781. While below the .8800 level the risk if for a move back towards the .8551 trend low.

Blake Morrow

Our “Chart of the Day” feature highlights standout technical analysis patterns and price moves. This type of analysis could be helpful if you are interested in our Trader Funding Program where you can also join an elite group of traders at Forex Analytix, click here to learn more. Trade our money, take 75% of the gains and none of the risk.