By Russell Glaser
The USD/CHF has continued its previous downtrend, moving below the all-time low for the pair set in October at 0.9559.
A channel has formed from the price action beginning in December and a price target may be estimated via the lower line of the channel.
Resistance comes in at last week’s low at 0.9500 followed by the high of today’s candlestick at 0.9560 and 0.9650.
Forex Market Analysis provided by ForexYard.
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