USD/CHF H4 | Bearish Drop

For USD/CHF (US Dollar/Swiss Franc), there's a potential bearish reversal scenario indicated by the following key levels:

Resistance Levels:

The 1st resistance level at 0.87435 is identified as "An Overlap resistance," suggesting a significant barrier where selling pressure could intensify, potentially leading to a reversal in the price trend.

The 2nd resistance level at 0.88069 is described as "Multi-swing high resistance," indicating another level where sellers might be active, reinforcing the bearish sentiment.

Support Levels:

The 1st support level at 0.86865 is recognized as "An Overlap support," implying a level where buying interest may emerge, potentially providing a floor for the price decline.

The 2nd support level at 0.86399 is noted as "Pullback support," suggesting another area where buyers could enter the market, potentially limiting further downward movement.

Analysis are provided by InstaForex

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