The USDCHF has corrected to the lower border of the ascending channel at 1.0145
The second test of 1.0220 resistance triggered correction down. Potential target is situated at the lower border of the ascending channel – 1.0145.
The price approached this barrier amid low volumes, which indicates weakening bearish potential. Long consolidation above 1.0145 will most likely initiate the rebound up.
The main growth target is found at 1.0220 resistance. If the third attempt to break above this barrier turns out successful, medium-term bullish trend will continue with the target at 1.0300.
Correction down will continue of price breaks and holds below 1.0120 support. The breakout will open the way to 1.0085, 1.0000.
Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!