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USDCHF: ⬇️ Sell
– USDCHF reversed from resistance zone
– Likely to fall to support level 0.7865
USDCHF currency pair recently reversed from the resistance zone between the pivotal resistance level 0.8055 (which has been reversing the price from August) and the upper daily Bollinger Band.
This resistance zone was further strengthened by the resistance trendline of the daily down channel from June and by the 61.8% Fibonacci correction of the downward impulse from July.
Given the clear daily downtrend, USDCHF currency pair can be expected to fall to the next support level 0.7865 (which reversed the price in June and September).
Source: https://fxpro.news
