USD/CHF Price Analysis Update
Solid ECN—The USD/CHF price approaches the key resistance level at 0.891, while the stochastic oscillator signals an oversold market. The downtrend will likely resume if the price closes below the immediate support at 0.887. In this scenario, the sellers will initially target the 0.881 support.
Conversely, if the USD/CHF price exceeds the descending trendline, the bearish scenario should be invalidated, and the price can rise to test the 0.897 resistance.