You Should Add the Intriguing USDCHF Pair to Your Watchlist

The market continues to move within the green channel from its upper wall towards the lower bound. Given the fact that the price has been below the moving average line for a long time, we can conclude that bears have good potential. That is why in the near future the decline may continue with a high probability.

Thus, the main target at the moment is the support level of  0.965, which is on the lower bound of the green channel.

However, if the bulls manage to break above the resistance level of 0.982, which forms the moving average, they will open the way towards the upper green wall and the resistance level of 1.002. But this option is an alternative.