The Swiss franc currency could experience further losses against the US dollar as the pair has officially formed a huge head and shoulders price pattern. Selling any rallies back towards the 0.9200 resistance level in expectation of a bearish reversal appears a good strategy. According to the overall size of the pattern the USDCHF pair could drop towards the 0.9060 level.
The USDCHF pair is only bearish while trading below the 0.9200 level, key support is found at the 0.9165 and 0.9060 levels.
The USDCHF pair is only bullish while trading above the 0.9200 level, key resistance is found at the 0.9220 and 0.9275 levels.
