USD/CHF has carved out a head and shoulders top on the daily chart, setting up a potential move lower. If this bearish pattern plays out, the downside target sits around 0.7895. But keep an eye on the April low (0.8040) and the 0.80 handle — both could act as support if price keeps falling.
Matt Simpson, Market Analyst at City Index and Forex.com
Matt Simpson, Market Analyst at City Index and Forex.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.