USD/CHF Price Analysis: Bears are in the market and eye a break of 0.9120

• USD/CHF is being offered but the bears need to get below the support near 0.9120.
• The pair is being resisted at key structure across the time frames. 

USD/CHF is running into offers again as the following technical analysis will illustrate. Meanwhile, the US Dollar rose against most major peers on Wednesday and was 0.22% higher on the day printing a high of 102.78 at one point. Nevertheless, the CHF ran into offers and stays bearish as follows:

USD/CHF M5 chart

The 5-minute charts show the price moving lower into bearish territory again after the break of structure, BoS, from the prior day.

USD/CHF H1 chart

The resistance on the hourly chart shows that the price is being resisted.

USD/CHF daily chart

The M-formation is bearish with the price struggling at the neckline resistance. 

USD/CHF H4 chart

The bears need to get below the support near 0.9120.