Price had been pretty sideways on USDCHF for the latter part of 2016, and in the last few months it broke above resistance, which led to a rally all the way up to a previous yearly . It is now coming back down to retest resistance as support , and price is bouncing off the zone.
Also, taking a look at the 1H chart, there's currently an upside down quasi-head & shoulders pattern, which may suggest continuing movement.
Looking to take this trade with stops below support - 0.99000, and long term targets at 1.02000 and 1.03400 for about 1.5:1 to 3:1 risk to reward
We'll see what happens....