USDCHF stays within a downward price channel on 4-hour chart, and
remains in downtrend from 0.9177. Initial resistance is at the upper
line of the channel, as long as the channel resistance holds, the
downtrend could be expected to continue, and next target would be at
0.8800 area. Key resistance is at 0.8965, a break above this level will
indicate that the downtrend from 0.9177 had completed at 0.8890 already,
then the pair will find resistance around 0.9100.
Sunday, 27 October 2013
USD/CHF stays within a downward price channel
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