USDCHF was identified at around 0.8451 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8195 level.
Supported by Downward sloping Moving Average
Target: 0.8195 Entry: 0.8451 Stop: 0.8618

