USD/CHF
The outlook on the market remains bearish and price is going southwards gradually. It is now below the resistance level at 0.9850, and it may reach the support levels at 0.9800 and 0.9750. Since the trend has been going on for some weeks in a row, it is supposed to continue for the next several trading days.
There is a Bearish Confirmation Pattern in the 4-hour chart and the Williams' % Range period 20 is in the oversold region. Further southwards movement is expected until USD gains stamina, for that is what can reverse the trend.
