Weekly technical analysis of the USD-CHF

The dollar franc is going inside a major downside channel on the daily chart as shown in the graph. The general trend is now downward, as long as the prices inside the downside channel can sell at the channel with a suitable stop above the previous high and target 0.9600, which will be a central level of the price later

In the event that the price rises and the channel shown above is broken up, a buy can be entered from a re-test of the broken trend which is the upper side of the falling channel until reaching 1.0022 which is the main selling point

The general trend: the dollar is franc within a falling channel on the daily, and the trend is down as long as the prices are inside the channel