USDCHF H4

SHORT TERM TECHNICAL ANALYSIS

The pair has strong downward pressure on the larger time frames but is now in a large support zone that gives a chance for short term bounces off the zone.
The 4 hour chart is showing a potential upside move that will be confirmed by a break and close of the 4-hour candle above the lime green trendline marked T. The immediate resistance zone is around 0.97102 marked by horizontal line Y. A close below X invalidates the setup