Mahtab_Tradia

USDCHF Facing Downside Pressure

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
The main trend is bearish and price is in a correction phase in the form of an ascending channel.

Currently, price failed to make a higher high to reach the channel's upper band.

We are facing a downside pressure and if price breaks the channel's lower band and closes a bearish candle below the yellow support zone at 0.9174, we expect a drop to 0.9150 and in the case of a downside breakout on this level, the next target would be around 0.9120

What is your outlook on USDCHF?
Feel free to share your ideas in the comments.

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