The USD/CHF chart displays a bearish momentum as the price has broken below the lower channel line, indicating a continuation of the existing bearish trend. The potential price action points towards a bearish continuation towards the first support level at 0.8838, which is a swing low support that could provide a price bounce. Should the price break this support level, the next level down would be the second support at 0.8757, which is also a swing low support.
On the resistance side, the first resistance level is at 0.8930, which is an overlap resistance that could act as a price barrier and prevent further price increases. The second resistance level is at 0.9007, which is a pullback resistance that, if broken, could potentially continue to drive the price higher. It's important to note that the bearish momentum is still strong and could continue to push the price towards the support levels.
