USDCHF, will the parallel channel hold as a resistance?
Price has broken out of the previous ascending trendline and has moved down towards the price zone of 0.96 and has made a bounce.
As price seems to have had a switch of buyers to sellers around the 0.965 zone,
a short from here would line up nicely with the support of the parallel channel, which could potentially act as resistance now
As price seems to have had a switch of buyers to sellers around the 0.965 zone,
a short from here would line up nicely with the support of the parallel channel, which could potentially act as resistance now
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