Since the beginning of 2019, $USDCHF pair has maintained a bullish trend in price movement. $USDCHF has not been able to break the resistance level 1.01238 for awhile. The Swiss Franc has technically shown a double top which might result into a downtrend. The $USDCHF tried to touch the middle line Bollinger band before a correction occurred as a fall in price of $USDCHF is due.
The Ichimoku’s future still shows the bulls currently dominate. As we expect a reversal due to the breakout from the trendlines, price could touch the support level at 0.97369. RSI has not shown any trace of price being overbought. Last week, the $USDCHF was bullish. But this week, it has been the other way round. The Swiss Franc might gain about 400pips with the RSI indicating more $USDCHF bears entering the market.