USDCHF currency pair under the bearish pressure after the price reversed down from the resistance zone lying between the resistance support level 0.92900 (which has been reversing the price from the start of February) and the upper daily Bollinger Band . The downward reversal from this resistance zone stopped the previous impulse waves 3 and (iii).
Given the strength of the aforementioned resistance zone and bearish USD sentiment seen across the FX markets today, USDCHF currency pair can be expected to fall further toward the next support level 0.92400.
