CAD/CHF 1H Chart: Channel Down

However, there are two possibilities that are likely to lead to significantly different scenarios. In the first one, the price stops the decline next to the most recent low of 0.79 and starts a rally. Then we will consider the pattern to be a falling wedge and wait for a bullish break-out. Conversely, the pair may breach the support at 0.79 and fall down to 0.7860. The latter case will reaffirm Dollar's intentions to stay within two parallel down-trend lines.