USD/CHF Technical Analysis: Bear flag on the 4-hour line chart

USD/CHF's minor corrective bounce from the March 20 low of 0.9894 to levels above 0.9950 has ended up forming a bear flag on the 4-hour chart. 

A bear flag is a continuation pattern which often accelerates the preceding bearish move. 

A break below 0.9934 would confirm a flag breakdown and would open the doors for a drop to 0.9750 (target as per the measured move method). Validating the post-breakdown case for a slide to 0.9750 is the 14-day relative strength index (RSI) of 44.50. 

4-hour chart

Trend: Bearish below 0.9934