… most of the recent times…
The USDCHF has had it’s own up and down session (or down and up I guess). The recent up, stalled at the 1.02037 area which has been a stall ceiling level or floor on a number of occasions since April 29. There is something about that level.
So sellers are trying the level “one more time”. It should be that if the price goes above, those sellers turn to buyers. If so, the 1.0213-15 will be eyed, followed by other recent swing highs reached over the last few weeks.