Доллар США / Швейцарский франк
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USDCHF CHANNEL BREAKOUT

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USDCHF confirmed a major hourly channel breakout recently. Here we expect to see a further decline in price which is expected to revisit back towards the highlighted bottom level support/key level formed.

This channel has created a very strong supported trend line with its lower boundary which has now been invalidated with its breakout confirmation. The key level is holding a level of 38% on the Fibonacci retracement on its major bullish trend.
Заметка
USDCHF has dumped about 90 pips from the initiated entry-level identified with the breakout this week. We see a potential reversal in the demand zone which has slowed down the bearish trend for some time.

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