Our Preference: As long as 1348 is resistance look for a drop towards 1273 & 1180.
Alternative scenario: An upside breakout of 1434 would open the way towards 1522.
Comment: a bearish flag pattern is confirmed, calling for a new down leg.
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
