On a 4-hour graph the USD/CHF currency pair declined further after a pullback. The viewpoint on the currency pair is still bearish, since earlier the USD/CHF has formed the combination of candlesticks Falling Three Methods, which indicates the downside movement.
This combination of candlesticks shows that the USD/CHF demonstrated the uprising motion during a couple of weeks, but the pair rebounded after it failed to break through the level of 1.0066. This means that the bulls did not manage to fixate here and the bears started increasing their influence. The downside movement is supported by the fact that the pair has broken through the line of uprising trend.
A breakthrough of support level of 0.9850 means that this point of view is correct. The breakout of 0.9547 will target the currency pair to 0.9462.
It is recommended to place the stop orders slightly above 0.9736, as the breakout of this level will target the pair to 0.9850.