USDCHF is in a downtrend in the 4-hour timeframe. It's following a channel, that it has touched and respected severally. It has also been in a short-term uptrend and respecting an ascending trendline which it broke upon bouncing off from the upper line of the channel. The price is also currently at a resistance level. If it manages to break this level and close below it, chances are high that the downtrend will continue to around 0.88840 or 0.88340.
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