Swiss Franc can fall to support line of upward channel

FX:USDCHF   U.S. Dollar / Swiss Franc
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few moments ago price traded inside a big range, in which it reached the top part of the range, bounced down, and started to decline. Price declined to the 0.8950 - 0.8900 resistance area, but soon rebounded back and some time traded near the 0.8950 resistance level. later swiss Franc broke the resistance level and made a strong downward impulse below the 0.8570 support level, which coincide with the support area. Also then price started to rise inside the upward channel, where it rose higher of 0.8570 support level and at the moment continues to trade there. I think that the Swiss Franc can rise a little and then start to decline to support line of upward channel. For this case, set up my target at the 0.8640 level, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀

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