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USD/CHF technical analysis: Greenback hits fresh October lows against the Swiss Franc

Summary:
USD/CHF remains under heavy pressure after the London close.  The level to beat for bears is the 0.9871 level.  USD/CHF daily chart On the daily chart, USD/CHF is trading in a sideways trend, now challenging the 50 and 100-day simple moving averages (DSMAs) below the 0.9900 handle. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is under bearish pressure below the main SMAs as the market is trading at its lowest point since late September. A continuation of the bear move below the 0.9871 support can lead to an acceleration towards 0.9850 and 0.9830 price levels, according to the Technical Confluences Indicator. USD/CHF four-hour chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF 30-minute

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  • USD/CHF remains under heavy pressure after the London close. 
  • The level to beat for bears is the 0.9871 level. 

USD/CHF daily chart

On the daily chart, USD/CHF is trading in a sideways trend, now challenging the 50 and 100-day simple moving averages (DSMAs) below the 0.9900 handle.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF technical analysis: Greenback hits fresh October lows against the Swiss Franc

- Click to enlarge

USD/CHF four-hour chart

USD/CHF is under bearish pressure below the main SMAs as the market is trading at its lowest point since late September. A continuation of the bear move below the 0.9871 support can lead to an acceleration towards 0.9850 and 0.9830 price levels, according to the Technical Confluences Indicator.

USD/CHF four-hour chart

(see more posts on USD/CHF, )
USD/CHF technical analysis: Greenback hits fresh October lows against the Swiss Franc

- Click to enlarge

USD/CHF 30-minute chart

USD/CHF is trading below its main SMAs, suggesting a bearish bias in the near term. Resistances can be seen at the 0.9881 level and 0.9922, according to the Technical Confluences Indicator.

USD/CHF 30-minute chart

(see more posts on USD/CHF, )
USD/CHF technical analysis: Greenback hits fresh October lows against the Swiss Franc

- Click to enlarge


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