Taking a look at the USDCHF
HOURLY chart, the currency pair closed around the support level
of 0.97124. This shows a possibility that the currency pair has formed a consolidating pattern between the exchange rates 0.97338 and 0.97124. The Aroon
(14 period) is showing signs of further consolidation within the fibonacci retracement
levels and increasing the possibility of a bounce-back. At the same time, the currency pair can break through this support level
and head towards 0.96973 exchange rate (i.e, Fib level 0.618) and probably bounce back-up at this point.
Further confirmation needed when markets open.