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USD/CHF: simple price action. Where are we headed next?

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Dólar Americano/Franco Suíço (OANDA:USDCHF)  
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OANDA:USDCHF   Dólar Americano/Franco Suíço
Support and Resistance Fibonacci Parallel Channel USDCHF priceaction Technical Analysis Forex forextrading parallelchannels investroy
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supportandresistance fibonacci parallelchannel usdchf priceaction technicalanalysis forex forextrading parallelchannels investroy
As the price is sitting at the lower barrier region of the descending parallel channel that is portrayed on the graph, we are expecting for some correctional moves to kick in and drive the price towards the highlighted region of previous support now acting as resistance that nicely aligns with the 61.8% Fibonacci retracement level.
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