USDCHF was identified at around 0.91537 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.9261 level.
USDCHF is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
