USDCHF: Inverse Head-And-Shoulders Pattern

USDCHF, H2

USDCHF is recovering after a decline and formed a head-and-shoulders pattern.

• The MACD histogram crosses the 0-line upwards, however the 0.9060 resistance area is strong, giving a mixed sentiment for the asset.
• If the price breaks above the 0.9060 resistance, it may propel the asset to 0.9100.
  However, if the retest fails. It may trigger a decline toward the 0.9040.