HomeContributorsTechnical AnalysisUSD/CHF 4H Chart: Decline Likely To Continue

USD/CHF 4H Chart: Decline Likely To Continue

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.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading