The USD/CHF has formed bearish divergence, with price stalling at +2/8 octave. Bearish divergence happens when price makes a higher high while the oscillator makes a lower high.
POC zone is 0.9903-0.9913 [D H4, +1/8, ATR Projection High]. Should we see a bearish rejection from this zone, targets will be 0.9839 [D L3, 5/8] and 0.9825 [D L4, 4/8], eventually reaching 0.97961 [2/8, previous swing low] levels if volatility and momentum holds.
For divergence to remain stable, price should not close above 0.9929 where the resistance is strong