FX.co ★ Candlestick analysis of the USD/CHF for December 10

On a 4-hour chart the USD/CHF rebounded from the 0.9724 level. Nevertheless, at present the viewpoint on the currency pair is still bearish, since earlier the USD/CHF has formed the combination of candlesticks Falling Three Methods, which indicates the downwards movement.
This combination of candlesticks shows that the USD/CHF was rising during several weeks, but the pair rebounded after it failed to break through the 1.0066 level. This means that the bulls did not manage to strengthen here and the bears started to increase their influence. The downside movement is supported by the fact that the currency pair has successfully broken out the line of an uptrend.
A breakthrough of the support level 0.9850 means that this point of view is correct and the decline to 0.9667 should be expected.