USDCHF: Reversed Head-And-Shoulders – Action Forex

USDCHF, H4

USDCHF navigates within a reversed head and shoulders patter and aims to test the 0.9030 resistance.

• The pattern is bullish, however, the MACD shows a bearish divergence, giving a signs of further decline for the asset which gives us mixed sentiment.
• If the price breaks above the 0.9030 it may skyrocket the USDCHF to 0.9200.
  However, failing of surpassing the resistance, will trigger a decline toward 0.8920.