The US Dollar/Swiss Franc pair reversed sharply off of Fibonacci resistance at the 1.1450 mark, and our bias favors further USDCHF declines.
RSI and other oscillators likewise reached extremely overbought levels through recent trade, and the fact that they have now turned lower reinforces our bearish bias on the trade. Next targets are eyed at previous support in the 1.0800-1.0850 range.
