The USD/CHF chart is currently encountering significant resistance levels, suggesting the potential for a bearish reversal.
Resistance Levels:
The 1st resistance level at 0.85145 is identified as "An Overlap resistance." This level represents a key barrier to further upward price movement and is an important consideration for traders. Additionally, the 2nd resistance level at 0.86300 is also categorized as "An Overlap resistance," highlighting its role as a strong resistance zone.
Support Levels:
On the support side, the 1st support level at 0.84481 is classified as "Pullback support." This level may indicate a zone where buying interest could emerge, potentially leading to a bounce or price stabilization. Further down, the 2nd support at 0.83524 is characterized as "Multi-swing low support," reinforcing its position as a significant support zone.