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USDCHF stays in the rising price channel

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 31, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCHF stays in the rising price channel on 4-hour chart, and remains in uptrend from 0.8897, the fall from 0.9105 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9150 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 0.9105 already, then the pair will find support around 0.9000.


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