USD/CHF 1H Chart: Channel Down

Source: Dukascopy Bank SA
USD/CHF remains inside the bounds of the channel down pattern it has been following for three weeks already, giving little reason to doubt the trend. However, it is reasonable to doubt how long the pattern could hold and keep in the back of your head that it might have matured enough to show some inconsistencies soon. Immediate resistance lies at 0.9857 and will come into play on the pair's way south to ultimately test the upper trend-line of the channel somewhere around 0.9903. Downside potential is cut at 0.9837 and we will not expect any dips beneath for now.
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