USDCHF, H4
On the H4 timeframe, the USDCHF pair navigates within a range and currently tests the 0.8410 support.
The MACD histogram crosses the 0-line down, potentially indicating a bearish sentiment for the pair.
- If the USDCHF rebounds from the 0.8410 support it will rise to 0.8540 and the golden Fibonacci pocket;
- However, a breaching below the support will drop the price to 0.8240 and the 161.8 Fibonacci.