The USD/CHF has formed a confluence signal ( red arrow with a circle) exactly at the close at 0.9755. We should see a continuation lower.
The pair is in a bearish trend. Rejections from the W H3 0.9754 should move the USD/CHF towards 0.9700. A move below and the target will be 0.9674. 0.9754-0.9770 is a strong resistance area. Only if the price moves above M H3 – 0.9770 we should see a potential for uptrend continuation and potential trend change. Below W H3 zone, the price is bearish.
Many green pips,
Nenad Kerkez aka Tarantula FX