USD/CHF 4H Chart: Breaks Channel

The US Dollar has declined by 1.46% against the Swiss Franc since March 8. The currency pair breached the lower boundary of an ascending channel pattern during yesterday’s trading session.

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge lower during the following trading sessions.

However, the weekly support level at 0.9225 could provide support for the USD/CHF currency exchange rate in the shorter term.