The USD/CHF chart is currently indicating potential signs of a bearish momentum, as it approaches a key resistance level and could potentially reverse off this resistance.
Resistance Levels:
The 1st resistance at 0.8639 is categorized as an "Overlap Resistance" indicating its potential to hinder upward price movements. Beyond this, the 2nd resistance level at 0.8708 is also identified as "Pullback Resistance" emphasizing its role as a substantial barrier to further advances.
Support Levels:
On the support side, the 1st support at 0.8598 is recognized as a "Pullback Support". This level suggests a zone where buying interest may emerge, potentially providing some support to the price. Additionally, the 2nd support at 0.8555 is characterized by a "Swing-low Support", reinforcing its significance as a substantial support zone.
