Technical analysis of USD/CHF 07/19/2019

The USD / CHF currency pair is consolidating at the lower boundary of the emerging downward channel on the 4H timeframe.
At the moment, there is reason to assume a forming upward correction to the upper boundary of the downward channel and the level of 0.9890, after which will be a rebound and a further decline in the pair to the level 0.9700 zone.
Cancellation of the option to reduce the pair after the correction will be further growth and the breakdown of resistance in the area of 0.9950. This will indicate a breakdown of the upper boundary of the channel.


Created by Joshua Hayn

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