USDCHF breaks below the support of the rising price channel on 4-hour chart, suggesting that the pair is forming a sideways consolidation in a range between 1.1313 and 1.1714. medium term key support is at 1.1313, below this level will indicate that the uptrend from 1.0366 (Dec 29 low) has completed, and then the following downtrend will take price back to 1.0800 zone. However rise above 1.1714 is still possible after the sideways consolidation, a break above 1.1714 will signify that the uptrend from 1.0366 has resumed and further rally to 1.2000 is expected to follow.
