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T3-Consultancy

USDCHF H4: Bearish outlook seen, further downside below 0.9680

Short
U.S. Dollar / Swiss Franc (VANTAGE:USDCHF)  
T3-Consultancy  
VANTAGE:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchflong usdchfshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchflong usdchfshort forex forextrading forexsignals
On the H4 time frame, prices are facing bearish pressure from the resistance zone at 0.9680, in line with the 61.8% Fibonacci retracement and graphical support-turned-resistance zone. We could see further downside below this zone to the support zone at 0.9550. Stochastic is showing bearish divergence as well where we could see further downside in prices.
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