As the majority of XXXUSD pairs, USDCHF looks very bearish: the pair is trading in a bearish trend since the beginning of July.
From the last week, the pair started to consolidate. The price formed a classic bearish accumulation pattern - descending triangle. With a sequence of lower highs and equal lows, bears were preparing for a breakout.
Today minor horizontal support is finally broken. The price set a new lower low lower close and bearish continuation is expected now.
Next goal - 0.9005
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