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T3-Consultancy
Aug 25, 2022 3:11 AM

USDCHF H4: Bearish outlook seen, further downside below 0.9680 Short

US Dollar vs Swiss FrancVantage

Description

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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