USD/CHF 1H Chart: Channel Down

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 133-hour long channel down pattern shaped by USD/CHF started on November 24. Being a subject to noticeable downside pressure, the pair has recently dived to more than a one-month low of 0.9021. However, the decline to this low may have been a positive factor for the pair, as market players expect the currency couple to gain momentum in the hours to come; 65.55% of all orders are placed to buy the pair. Meanwhile, technical indicators do not support the traders' view, sending bearish signals for medium and long terms.
© Dukascopy Bank SA
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