USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the descending tendency continues. By now, USDCHF has reversed after forming a Hammer reversal pattern and formed several more reversal patterns near the resistance level, including Doji. The current situation suggests that the pair may reverse and then continue the descending tendency with the target at 0.9150.
However, one shouldn’t ignore another scenario, according to which the instrument may return to 0.9530.
Orgin: RoboForex
