USD/CHF Intraday: the downside prevails.

USD/CHF Intraday: the downside prevails.
Pivot: 0.9635

Most likely scenario: short positions below 0.9635 with targets at 0.9590 & 0.9570 in extension.

Alternative scenario: above 0.9635 look for further upside with 0.9655 & 0.9675 as targets.

Comment: as long as 0.9635 is resistance, look for choppy price action with a bearish bias. The pair is trading in a bearish channel.

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