FX:USDCHF   U.S. Dollar / Swiss Franc
56 1 1
This pair is in a downtrend for a while now. A recent side-ways movement and then a confirming bearish price action signal (a strong rejection of a resistance zone ) could mean that the price is ready to make another move to the down side.

Please note a long term support level at 0.8600 level (clearly visible on weekly chart). Looks like price is making a push towards that level.
I can see three support levels: .8625, .8568, .8520. Unless the ongoing correction turns to some serious (and nefarious) reversal, these are my long-term targets. Now that .87 has been hit, there can be a lot of bullish-minded traders pushing it higher, so let's see, how this correction actually develops.
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