Cabana Capitals Blog Technical Analysis Will USDCHF have enough momentum to break support?

Will USDCHF have enough momentum to break support?

Will USDCHF have enough momentum to break support? post thumbnail image

An emerging Channel Down has been detected on USDCHF on the 15 Minutes chart. There is a possible move towards 0.8780 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by RSI above 60

Target: 0.878 Entry: 0.8823 Stop: 0.8844

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