Daily Forex Chart Art – Apr. 16, 2014


USD/CHF: Daily

USD/CHF: Daily

Which way could USD/CHF be headed? The pair is currently finding support around the middle of the falling channel on its daily time frame, with a bullish divergence suggesting that a bounce is ready to happen. In that case, USD/CHF might make its way back to the channel resistance around the .8900 major psychological level. On the other hand, the pair might still be on track to test the channel support near the .8600 mark if the divergence doesn’t play out.

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