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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 usdchfshort Forex
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchfshort forex
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 testing resistance at 95.37 as well supporting the bearish bias.
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