The Swiss franc currency is starting to turn lower against the US dollar after the pair met with strong selling pressure from the 0.9200 resistance level. A bearish head and shoulders pattern is in play while the price trades under the 0.9160 level. USDCHF bulls have to be careful as the pattern is indicating a large drop could be coming.
The USDCHF pair is only bearish while trading below the 0.9165 level, key support is found at the 0.9100 and 0.9060 levels.
The USDCHF pair is only bullish while trading above the 0.9165 level, key resistance is found at the 0.9200 and 0.9220 levels.
