The USD/CHF (US Dollar/Swiss Franc) chart analysis suggests a potential bearish reversal scenario with key resistance and support levels:
Resistance Levels:
The 1st resistance level at 0.86547 is identified as "Pullback resistance." This level represents a significant barrier for upward price movement.
The 2nd resistance level at 0.87216 is labeled as "An Overlap resistance," indicating another critical resistance zone.
Support Levels:
The 1st support level at 0.85816 is described as "Pullback support." It represents a key support level where buyers may step in.
The 2nd support level at 0.84868 is noted as "Multi-swing low support." This level can serve as additional support below the first level.