The USD/CHF pair displays a bearish trend, potentially reacting off the 1st resistance at 0.8738 to fall towards the 1st support at 0.8695, an overlap support. If the price drops beyond this, the 2nd support at 0.8632, a pullback support, could limit further declines. The first resistance aligns with the 127.20% Fibonacci Extension and the 2nd resistance at 0.8819, aligning with the 61.80% Fibonacci retracement, could obstruct further price increases.
