The USD/CHF has been in a consolidation pattern since hitting 0.9220. The 4H chart shows that it has accelerated to the downside a bit this week, pushing the pair to the 50% retracement of the 0.90-0.9220 swing. As we approach 0.91, let’s review the support factors here. The 61.8% retracement is at 0.9085, there is also a pivot at 0.9090, that acted as resistance during 3/29. Also note that the 4H RSI reading is at 40. After 70, if the reading can hold above 40 (given some elbow space), there can still be bullish momentum. Otherwise, if the market falls below 0.9080 and the 4H RSI falls below 40, there is again no ... (full story)