USDCHF was showing reversal signs over the previous sessions. Price made a fake break out above 0.9150 but bulls could not maintain price above this key resistance level. Price continues to trade inside the bearish channel.
USDCHF is bouncing again towards the upper channel boundary resistance at 0.9150. Bulls need to break above this level and eventually out of the bearish channel in order to change trend to bullish. Support remains key at 0.9110-0.9080. As long as price is above this level, bulls will continue to have hopes.