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27.08.202009:18 Forex Analysis & Reviews: Control zones for USDCHF on 08/27/20

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Working towards strengthening the Swiss franc against the US dollar is a priority. Sales opened on the WCZ 1/2 0.9154-0.9141 must be kept. The first target for consolidating is the monthly low. A long-term fall will depend on the price's reaction to updating the August extreme.

If updating the monthly low leads to forming an absorption pattern, then long deals will come to the fore, and the goal will be this week's high.

An alternative growth pattern will develop if today's trading closes above the WCZ 1/2. This will indicate a change in the mid-term priority. There will be an opportunity to buy the tool tomorrow. The growth target will be the weekly CZ 0.9304-0.9276.

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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