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T3-Consultancy
Jul 21, 2022 2:37 AM

USDCHF H1: Bearish outlook seen Short

U.S. Dollar / Swiss FrancFOREX.com

Description

On the H1 time frame, prices facing bearish pressure from its descending trend line and resistance zone at 0.9720 where we could see further downside to our support zone at 0.9630. Failure to hold below the resistance zone at 0.9720 could see prices push higher to the next resistance zone at 0.9800. Stochastic facing bearish pressure from its resistance at 94.27 as well, supporting the bearish bias.
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