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USDCHF stays in a falling price channel

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 23, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCHF stays in a falling price channel and remains in downward movement from 1.0898. As long as the channel resistance holds, one more fall towards 1.0400 is still possible, and a breakdown below 1.0506 could signal resumption of downtrend. However, a clear break above the channel resistance could indicate that the fall from 1.0898 has completed at 1.0506 already, then the following uptrend could bring price to 1.0800-1.0900 area.

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