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USD/CHF: technical analysis on 23.06.2015

On the four-hour chart the pair USD/CHF is trying to break out the upper line of the downward channel at ​​0.9300 as well as Fibonacci correctional level 38.2% at 0.9305. This breakout will probably lead to the further growth to the levels of 0.9350, 0.9395, 0.9460, 0.9535. However, the price will probably return to the channel and the downtrend will continue, given a significant breakout of the top line of Bollinger Bands indicator.


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