USD/CHF has successfully broken out of the descending channel on the 15-minute timeframe, signaling a potential short-term trend reversal. The price is now consolidating above the broken channel, showing early signs of bullish momentum. As long as the price remains above 0.8110, further upside toward the resistance levels at 0.8125 and 0.8145 is expected. A break below 0.8089 would invalidate this bullish scenario and suggest a return to the previous downtrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.