The US Dollar versus the Swiss Franc is currently trading in a descending channel pattern. The currency pair has declined by 1.45% since last week’s trading sessions.
Everything being equal, the USD/CHF exchange rate could continue to decline in the descending channel pattern. Bearish traders could aim at the 0.9300 level within the following trading sessions.
However, a support cluster formed by the weekly S2 and the monthly S1 at 0.9350 could provide support for the currency exchange rate within this week’s trading sessions.