USDCHF recently reversed down with the daily candlesticks reversal pattern Shooting Star Doji from the strong
resistance area lying between the resistance level 0.9750 (top of the previous correction (iv)), upper daily
Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse from November.
Given the strength of the aforementioned resistance area and the widespread bullish Swiss franc sentiment
seen across the markets today – USDCHF is likely to remain under the bearish pressure today and to fall further
toward the next support level 0.9680 (low of the previous wave (b)).