FX.co ★ SDCHF, Daily | Descending Trending Line?

The USD/CHF pair is currently bearish below a major descending trend line, indicating a potential continuation of bearish movement towards the initial support at 0.8859. This level has historical significance as a multi-swing low support. A secondary support at 0.8759 also acts as a swing low support. On the upside, the first resistance at 0.9059 is an overlap resistance, while the second resistance at 0.9197 represents a multi-swing high resistance and aligns with Fibonacci levels. An intermediate resistance at 0.9018 serves as a pullback resistance during the overall downtrend.