USD/CHF is consolidating below the .9200 zone, which makes sense because the area sits near a descending channel resistance as well as the 100 SMA on the 1-hour time frame.
And if that’s not enough to get you excited, you should also know that there’s a bearish divergence on the chart. Is USD/CHF a buy or a sell?
Dollar bears can short at current levels and aim for the channel’s support levels for a good risk ratio.
Meanwhile, bulls can wait for a clear break above the 100 SMA before targeting key inflection points closer to the .9230 or .9300 areas of interest.