USD/CHF: 1-hour
USD/CHF: 1-hour
Are my groovy glasses deceiving me or is that really a falling trend line forming on USD/CHF's 1-hour chart? The pair has been on a steady downtrend lately but it looks ready to pull back for a quick retracement. There's an area of interest right in line with the 38.2% Fib and the trend line, which could act as resistance for the pair. Another area of interest is located close to the 61.8% level, just below the .9650 minor psychological resistance.