Monthly: For the last 85 months USDCHF has held within a bullish channel formation. Level close to 1.0340 continue to cap buying. A full AB=CD formation would the the pair to 1.1450. The psychological 1.0000 (Big Figure) continues to be pivotal and attract sellers. Trend line support is located at 0.9400
Weekly: We have started a corrective move to the downside. Trend line support is not seen until 0.9464. This is in between the 61.8% and 78.6% Fibonacci level of of 0.9524 and 0.9376
Daily: Broken the wedge formation to the downside. The measured move target of 0.9800 has been surpassed. This was a previous area of support and now becomes resistance (0.9800). With bespoke resistance at 0.9789, this is our prime area to get short.
