USDCHF resistance level

6 thg 8, 2018

The price seems to have approached a resistance level, and I believe the price could be getting ready to move down from here, the resistance level Is a strong one and has been rejected 4 times. This is also being confirmed as the prize is moving into the zone the RSI is fast approaching the resistance level. This is making it look more and more likely for the price to take a negative turn and start moving down from here. If the price is able to gain enough momentum we could see the price breakout the channel, if the resistance level is unable to hold, then its very likely that the price would move up from here and test the resistance level of the channel.