USDCHF Chart Technical Outlook

USDCHF Chart Technical Outlook set to correct lower on bearish divergence ahead of US data* USD/CHF broad bias is bullish, supported by the last stances from the Fed and the SNB, hawkish from the former, and a surprise hold from the latter. The recent data from the US pointed to ongoing strength, while the Inflation data from Switzerland showed softer data, more bearish clues. From a technical perspective, there is an overbought condition with a bearish divergence. I expect a correction for the downside ahead of the US data, ADP Employment, and ISM services PMI. I expect a USD-bearish outcome from both events. Resistances: 0.9255, 0.9300

Supports: 0.9170, 0.9000

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