Lots of resistances lining up together around the same time spells high probablity of continued downside for the USDCHF.
Take a look at the chart below zooming in on the daily. We have a rising wedge in a larger downtrend, which is a bearish pattern.
Take a look at the chart below zooming in on the daily. We have a rising wedge in a larger downtrend, which is a bearish pattern.