Technical Analysis of USD/CHF

The USD/CHF prices have declined during the previous period and are approaching very important and pivotal levels. In the event of a further decline and breaking below the lower boundary of the channel at prices of 0.8955, with a close below it, there will be a strong selling opportunity with targets reaching 0.8900 as the initial target. However, if the price remains above these levels, the likelihood is for an upward movement and increase.