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USDCHF Breaks Below 0.9147 Support

USDCHF Breaks Below 0.9147 Support

The USD/CHF breaks below 0.9147 support, suggesting that the downtrend from 0.9751 (July 9, high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at the 0.9050 area. Resistance is now at downward trend line on 4-hour chart, as long as the trend line resistance holds, and the downtrend from 0.9455 will continue.

usdchf

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