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USDCHF Following Downward Channel | June 12, 2017



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Usdchf is facing downward pressure on the downward channel. We can see a big bearish candle on H4 which is rejected from channel upper side. So, it can good sell chance for this pair. Expecting more down from the upper level of the channel. This pair has more chance to make a new low in the coming days.

No bullish sign is seen yet on this pair. As this pair is still on the strong bearish rally, so for reversal rally, we need to get strong confirmation from candle and support level. Keep eye on the website to get analysis update for major pairs.

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