FX.co ★ USD/CHF: larger drop from below 0.9163

USD/CHF Upside Movement Seems Over!

The USD/CHF pair increased within an up-channel pattern. Now, it has dropped below the uptrend line and through 0.9197 signalings that the upside movement ended and that the sellers could take the lead again.

The next downside target is represented by the 0.9163 level. This represents a downside obstacle as well.

USD/CHF Trading Conclusion!

Dropping below 0.9163 activates a deeper drop and helps the sellers to catch a downside continuation.