The USD/CHF pair has been trending downwards since the 22th of February 2016, with the sellers leading the price from as high as 1.002 to as low as 0.9861.
In the event that the bulls manage to overweigh sellers in trading volume and push the price above 0.9915, profit targets could be set at 0.9949 and 0.9969 respectively.
On the flip side, in the scenario where the sellers keep pressing the pair below 0.9831, the price could find support at 0.9791 and 0.9740 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.