4-hour chart shows that:
 
    - corrective impulse subsided near mirror level 0.9820,
    - a noticeable resistance formed at the level 0.9775, after that bearish pressure  increased and lasted almost the entire American session, and caused decrease of quotes on  60 pips;
    -  the currency meets considerable support around the level of 0.9710.
 
    Let’s watch the indicators:
 
    The currency is still significantly below the moving averages with 34, 55, 89 and 144 periods, which are directed downwards and indicate bearish engulfing (medium term), and are also the resistance levels 0.9865, 0.9990, 1.0040 and 1.00475.
 
    The MACD histogram is still located in the negative zone, but above its signal line, continues slow rising and thereby signals us to buy USD/CHF.
 
    Oscillator stochastic is in the oversold area and forms the opposite signal as the %K line falls below the %D.
 
    Due to the contradiction in the signals that serve indicators, the most correct decision now  is waiting for the completion of consolidation within a wide price range 0.9710 — 0.9775.
 
    The ‘bullish scenario’ is possible in case of breakdown of strong resistance level 0.9775, which may open way to the 0.9820 and 0.9870 levels.
 
    ‘Bearish scenario’ is  possible in case of breakdown of a strong support level 0.9710, which could open way to the 0.9610 and 0.9650/00 levels.
 
 
    Resistance levels: 0.9755, 0.9775, 0.9800, 0.9820, 0.9840, 0.9865/70
    Actual price : 0.9724
    Support levels: 0.9710/00, 0.9695 (local min), 0.9650, 0.9610/00Colmex Pro LTD experts said.