See also
23.03.2023 07:57 AMthe USD/CHF chart, it can be seen that the overall momentum is currently bearish. However, in the short term, price could potentially drop further to the 1st support level at 0.9136 before rebounding from there and rising towards the 1st resistance level at 0.9238.
The 1st support level is considered a strong level of support, as it is an overlap support and is also coinciding with a 78.60% Fibonacci retracement level. Moreover, the 2nd support level at 0.9071 is also a multi-swing low support, adding to its strength.
On the resistance side, the 1st resistance level at 0.9238 is also an overlap resistance, while the 2nd resistance level at 0.9300 is another overlap resistance level. Additionally, an intermediate resistance level at 0.9207 is present between the current price and the 1st resistance level.
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