After the latest push in the USD we are now witnessing retracement movements on the the majors, the USDCHF is closing in on the 1.0250 area where we also have a downsloping trenline connecting previous lower highws; looking at the oscillator in the second frame we can see what might be the start of a bearish hidden divergence forming. With this in mind we keep a bearish bias on this pair and wait for price action development on the smaller timeframes to provide a good risk:reward entry.
