FX.co ★ Technical analysis of USD/CHF for May 21, 2018

As we can see on the 4-hour chart on USD/CHF, the pair is already making a downward slope channel. It seems a few days later, the pair will make an upward correction. The price will test the 1.0000 level before going down again as long as the price stays below 1.0050. The USD/CHF pair is likely to continue the bearish bias, especially if the pair can break out and close below the 0.9950. Then, thie pair will retest its next support level at 0.9925 and the 0.9900 level.

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