Keeping the bearish bias for the USD in mind, it seems we could be having a sell setup form for UsdChf. On the larger timeframes, price has rejected off of a non-horizontal resistance level and created strong bearish structure towards the downside of the channel.
On the lower timeframes, price has broken some market structure by violating a recent support level. I'll be waiting for price to make a bullish correction movement to retest the level as resistance. The level I have outlined has added significance due to the psychological number it possess. Considering it's a round number like .9000, this adds some validity to the level. Let's see if we could get a pullback and bearish rejection before looking to sell.
On the lower timeframes, price has broken some market structure by violating a recent support level. I'll be waiting for price to make a bullish correction movement to retest the level as resistance. The level I have outlined has added significance due to the psychological number it possess. Considering it's a round number like .9000, this adds some validity to the level. Let's see if we could get a pullback and bearish rejection before looking to sell.