USD/CHF Price Analysis: Grinds lower past 0.8970 resistance confluence

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• USD/CHF takes offers to reverse the week-start gains, mildly offered of late.
• Convergence of 100 and 200-EMA restricts immediate upside within three-week-old bullish channel.
• Ascending support line from June 26 restricts immediate downside.

USD/CHF holds lower ground near 0.8960 as it reverses the week-start rebound amid a sluggish Asian session on Tuesday. In doing so, the Swiss Franc (CHF) pair remains pressured below a convergence of the 100 and 200 Exponential Moving Averages (EMA).