USD/CHF 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is depreciating against the Swiss Franc in a descending channel pattern, as the rate continues to move lower after encountering a notable level of support, represented by the 38.20% Fibonacci retracement level at the 1.0003 level. The Fibonacci retracement levels for this pair are measured by connecting the 2016 high and low levels. The currency exchange rate is approaching the support provided by the 50.00% Fibonacci retracement level, which is located at the 0.9896 level, and at the previous rate of movement the currency pair is likely set to reach it until the end of the week.
© Dukascopy Bank SA
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