USDCHF H4: Bearish outlook seen, further downside below 0.9680

On the H4 time frame, prices are facing bearish pressure from the resistance zone at 0.9680, in line with the 61.8% Fibonacci retracement and graphical support-turned-resistance zone. We could see further downside below this zone to the support zone at 0.9550. Stochastic is testing resistance at 95.37 as well supporting the bearish bias.