FX.co ★ USD/CHF is at major resistance, remain bearish

The price is now testing major resistance at 1.0068 (horizontal pullback resistance, Fibonacci retracement, and bearish divergence) and we expect a drop to at least 0.9973 support (Fibonacci retracement, bearish divergence potential).

Stochastic (34,5,3) is seeing strong resistance below the 91% level and bearish divergence vs. the price is signaling that a major reversal is impending.

Sell below 0.9991. Stop loss is at 1.0040. Take profit is at 0.9923.