Let’s pull up the USD/CHF hourly chart.
We’re in a downward channel and it looks like there is still quite a bit more room for downward movement with this currency pair.
We may see a short term retracement up to the highlighted area – however, once the retracement completes, look for a continuation downward.
Our long term projections look at a potential price point of .8000.
Good luck with trading – be sure to apply your money management and use your stops.