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USD/CHF bounced off the resistance level at 0.9003 and formed a falling wedge pattern on the 1H chart. The formation has 72% quality along with 53% magnitude within 125 bars.
Greenback has been depreciating against Swiss Franc during last two weeks, and decreased to 0.9038. The price was capped twice at 0.9092, then at 0.9071, and dropped to the resistance around 0.9003. The Stochastic indicator bounced off the critical area at 20% and is growing along with the pair. Bullish traders may focus their attention around 0.9058, where the present resistance level stands.
Current bias on 1H timeframe is neutral, while on 1D timeframe indicators show pair's weakness. If the price touches the resistance level at 0.9057, the possible recoil is expected. If the price decreases from the resistance level around 0.9057, the possible target for bears might be around 0.9021.