USD/CHF has broken through a resistance line of a Channel Down and suggests a possible movement to 0.8707 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
USD/CHF has broken out from the Channel Down pattern. Expect it to hit 0.8707 soon.
