Chart Forecast: USDCHF Potential Buying Opportunities

Date: Aug 19th- 2020

Price approach our weekly support level which has been moving on a ranging/consolidated market. Moving down lower to Forex Daily Chart. We could spot out two major descending channel. The first one which is the main channel drawn on our chart and the second one is the smaller channel drawn inside the main channel.

This are good evidence for price moving to the upside targeting the top of the main descending channel and possible breaking out to hit our top resistance level.

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