The Swiss franc currency is at risk of further losses against the US dollar after reversing back inside a large symmetrical triangle pattern. The one-hour time frame shows that a false upside breakout from the triangle will have taken place if the USDCHF pair stays capped under the 0.9015 level. If the USDCHF pair fails to move back above the triangle then further losses towards 0.8960 remain possible.
The USDCHF pair is only bullish while trading above the 0.9015 level, key resistance is found at the 0.9030 and 0.9055 levels.
The USDCHF pair is only bearish while trading below the 0.9015 level, key support is found at the 0.8990 and 0.8970 levels.
