FX.co ★ USD/CHF H4 | Bullish Rise

USD/CHF demonstrates potential for a bullish trend reversal, as suggested by the analysis of key support and resistance levels:

Resistance Levels:

1st resistance: 0.8885, identified as "Multi-swing high resistance." This level presents a significant barrier to further upward movement.

2nd resistance: 0.8960, characterized by "Pullback resistance." It further strengthens the resistance zone, indicating a potential reversal point.

Support Levels:

1st support: 0.8819, marked as "An Overlap support." This level signifies a point where buying interest may emerge, potentially halting a downward move.

2nd support: 0.8770, supported by "An Overlap support." It further reinforces the support zone, suggesting a region where buyers might intervene.