For a week USDCHF was moving in consolidation and created a channel with the width of 75 pips Yesterday, the bears were able to breach out of the channel bottom and momentum to break the next support. In the chart it is also showed that there has been a re-test of broken support which has now become resistance.
At daily interval situation is even more ambigous. Yesterday’s candle breach out of the channel bottom with great force and now it is expected that soon it will move in the direction of 0.95000.
