The Swiss franc currency is losing upside momentum against the US dollar as the pair fails to make new higher highs on the lower time frames. The USDCHF pair could start to fall back towards the 0.9080 level if bulls fail to make a new weekly soon. Bullish MACD price divergence has now been fully reversed on the four-hour time frame, following last weeks powerful rally.
The USDCHF pair is only bullish while trading above the 0.9100 level, key resistance is found at the 0.9235 and 0.9280 levels.
The USDCHF pair is only bearish while trading below the 0.9100 level, key support is found at the 0.9050 and 0.9000 levels.
