Blake Morrow’s Chart of The Day – Feb 2nd 2021

USDCHF

The USDCHF is breaking higher with the move above the 0.8926 resistance today. This has enacted and inverted head and shoulder pattern which should eventually target the 0.9080 level. Currently the RSI is pointed higher and previous support will act as resistance at the 0.9000 level. Dips back to the 0.8900-25 area should offer strong support.