FX.co ★ blaise.rogahn | USD/CHF

I am analyzing the USD/CHF pair on a 15-minute chart. The pair bounced off the support at 0.90965, where buyers were accumulating near this support level. I then assumed that the pair would move higher towards the resistance at 0.91364. Although the resistance was broken, sellers were still active. I anticipated the pair to return to the support at 0.99665, forming a range. The support was broken again, with visible selling volume. There was a seller's volume climax, with sellers accumulating volume above previous highs, indicating a potential decline. Once again, the support was broken. My opinion remains the same that the pair will move lower towards the 0.90665 levels.