The US Dollar has been moving in an ascending channel pattern against the Swiss Franc since mid-September. The exchange rate reversed from its lower boundary at 0.9550 on September 21 and followed by a bullish sentiment.
The exchange rate broke the channel pattern at the end of yesterday’s trading session.
Given that a breakout had occurred through the bottom border of the two months ascending channel, it is likely that the currency exchange rate will continue its downward movement during the following trading sessions.
The potential target for the USD/CHF currency pair will be at 0.9706.
The exchange rate broke the channel pattern at the end of yesterday’s trading session.
Given that a breakout had occurred through the bottom border of the two months ascending channel, it is likely that the currency exchange rate will continue its downward movement during the following trading sessions.
The potential target for the USD/CHF currency pair will be at 0.9706.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.