On monthly chart, USD/CHF show some bearish pressure with last bearish candle. But it limit by strong monthly support at 0.8800. Need more long bearish candle to break this level with closing price break under support line. But if monthly candle close near / above support, this indicate the price need more volume to go lower.
on weekly chart, USD/CHF show bearish channel which possible to force this pair to touch weekly support at 0.8628 and then the price should be pullback to monthly range. As long monthly candle close above monthly support, this pair will be in monthly ranging area.

Translate to English Show original