USDCHF, Daily
The daily chart clearly shows that the currency pair is in consolidation. Currently, the price is testing the key support level at 0.8821, which coincides with 50% of the range of sideways movement according to the smart-money concept.
- If the support level holds, we can expect growth to resume at the upper boundary of consolidation, 0.8852.
- If the level is broken, the decline could accelerate down to the lower boundary of the sideways range at 0.8792.
