Fri, May 07, 2021 @ 13:26 GMT
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USD/CHF 4H Chart: Bears Could Prevail

The US Dollar has been edging lower in a descending channel pattern against the Swiss Franc since September 25. The currency pair breached the 0.9100 level during the Asian session on Tuesday.

All things being equal, the USD/CHF exchange rate is likely to continue to trend in the descending channel pattern during the following trading sessions. Bearish traders could target the 0.9000 level this week.

However, a support line at the 0.9050 area could provide a barrier for bears during the following trading sessions.

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.

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