USD/CHF Technical Analysis: Ascending Channel Pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/CHF on the 4-hour chart continues to respect an ascending channel pattern established after bottoming near 0.7960 in late August. Following a sharp rejection above the channel's upper boundary at 0.8160, the market underwent a swift pullback toward the midline. Price is currently consolidating right around 0.8093, attempting to absorb selling pressure after a steep three-candle drop.

For bullish continuity, buyers must defend the 0.8085 to 0.8090 support shelf. A firm 4-hour close above this median band, followed by a bounce back over 0.8125, would confirm a higher-low formation within the ascending channel pattern and clear the path for a retest of the upper channel resistance near 0.8160. Holding this level keeps the ascending structure fully intact.



Conversely, a decisive break below 0.8085 opens immediate downside exposure toward the ascending channel pattern's lower boundary in the 0.8040 to 0.8050 area. Should that rising support line fail to contain sellers, the ascending channel pattern would be completely invalidated, triggering a deeper correction toward the 0.8000 psychological handle and potentially retesting the 0.7960 swing low.

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