Bearish MACD Divergence. Expecting DXY to weaken hence USD/CHF should fall to at least daily trendline around 0.96.
A bounce from the descending trend line and a counter trend line break could lead price action down to the highlighted zone. Fibonacci confluence with structure. This target zone is also fluent with a 38.2% retracement of the May-Oct (Daily TF) uptrend.
H L C PIVOT R1 S1 R2 S2 USDCHF 0,96232 0,95545 0,95668 0,95815 0,96085 0,95398 0,96502 0,95128
H L C PIVOT R1 S1 R2 S2 USDCHF 0,96872 0,95661 0,95806 0,96113 0,96565 0,95354 0,97324 0,94902