FX.co ★ USDCHF,Day | Bearish Channel Line?

The USD/CHF chart exhibits a bearish momentum, signaling a downward trend in the market. This is reinforced by the presence of a bearish descending channel, indicating the potential for continued downward movement.

There is a potential for a bearish continuation towards the 1st support level at 0.8830, which is identified as a swing low support.

On the upside, attention should be given to the 1st resistance level at 0.9001, which acts as an overlap resistance.