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USDCHF: descending channel

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Dollar A.S. / Franc Swiss (FX:USDCHF)  
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FX:USDCHF   Dollar A.S. / Franc Swiss
Support and Resistance Fibonacci Parallel Channel Forex tradingsignals forexnews usdchfshort shortsetup tradingstrategy forextrading Contains image
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supportandresistance fibonacci parallelchannel forex tradingsignals forexnews usdchfshort shortsetup tradingstrategy forextrading containsimage
The USDCHF is moving within a descending trend channel, and the price has reached the upper part of this channel, which also acts as a strong resistance level. Therefore, further decrease is likely. The targets are the lower support levels and the lower part of the channel. It's recommended to observe how the price reacts to this level.

snapshot

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