USD/CHF: soon to complete a bearish sequence

USD/CHF: soon to complete a bearish sequence

USD/CHF has been following a bearish sequence during November and now it has been setting a correction that could gain momentum soon in order to resume the overall bias. A leg lower is expected to take place towards the 50% Fibonacci zone at 0.9726, at which we could expect a rebound in order to rally towards the -23.6% Fibo level at 1.0181. With that being said, we’re forecasting a short-term consolidation above the parity zone.

RSI indicator remains in the neutral territory, calling for sideways’ moves.

USDCHFmH4.png

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