The USD/CHF is currently showing a bearish trend with key support levels identified.
The 1st support level at 1.36659 is recognized as a swing low support, indicating a previous bottom where the price might stabilize. The 2nd support level at 1.36044 is an overlap support, offering an additional potential floor for price drops.
On the resistance side, the 1st resistance level at 1.37588 is a multi-swing high resistance, likely to challenge any upward price movement. Further resistance is found at 1.3824, also a multi-swing high resistance, which could act as a significant obstacle to bullish trends.
