USDCHF, H4
USDCHF navigates within a reversed head and shoulders patter and aims to test the 0.9030 resistance.
The pattern is bullish, however, the MACD shows a bearish divergence, giving a signs of further decline for the asset which gives us mixed sentiment.
- If the price breaks above the 0.9030 it may skyrocket the USDCHF to 0.9200.
- However, failing of surpassing the resistance, will trigger a decline toward 0.8920.
