USD/CHF: franc broke loose

USD/CHF: franc broke loose

On the USD/CHF daily chart, the Bears managed to withdraw quotes from short-term upward and long-term downward trading channels. This increases the risks of realization of the targets 224% and 127,2% in the AB=CD and Crab patterns. In case of the strong bearish trend you should consider selling on the growth. The nearest resistance can be found at 0.9635.

CHF1.png 

On the USD/CHF hourly chart, the downward movement continues. Bears indicated their presence at the level of 0.964.

CHF2.png

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