USDCHF - prepare for more bearish moves
The price seems to still be stuck in this bearish momentum. The price does not look like it is going to come out of this bearish channel anytime soon as the resistance level is proving to be very strong. The RSI is almost at an oversold level meaning the price may move a little higher but this pair has struggled to gain enough strength to overcome these bearish moves.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.