USDCHF under bearish pressure after the price reversed down from the resistance area located between the key resistance level 0.94630, upper weekly Bollinger Band and the and the 61.8% Fibonacci correction of the previous sharp weekly onward impulse form the start of 2020. Given the overbought reading on the weekly Stochastic indicator and the strongly bullish Swiss franc sentiment seen across the currency markets today – USDCHF currency pair can be expected to fall further toward the next support level 0.93000.
