The major trend of USD/CHF is bullish on charts but from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 DMA. Prices are also taking support at the important level of 0.9750. Today if the pair breaks its support level & manages to sustain below it, then it can test its 200 DMA and come till the levels of 0.9700/0.9660 in today’s session.
I did not look at the USDCHF, but look at EURUSD, clearly very bearish with still more downside potential. On the USDCHF, i’d wait for at least double top before considering shorting.