Emerging Channel Down pattern in its final wave was identified on the USDCHF 4 hour chart. After a strong bearish run, we find USDCHF heading towards the upper triangle line with a possible resistance at 0.7970. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Important support line being approached by USDCHF. This price has been tested numerous time in the last 13 days
