- USD/CHF main bear trend remains intact.
- USD/CHF is trading below its 50, 100 and 200-period simple moving average suggesting a strong bearish bias. USD/CHF rebounded from the 0.9550 level and the market is set to consolidate the recent losses.
- If bulls manage to break the 0.9600 resistance they can expect to reach the 0.9650 level (August 29 low). USD/CHF remain strongly bearish and any pullback up can be short-lived.
Spot rate: 0.9588
Relative change: -0.02%
High: 0.9598
Low: 0.9542
Main trend: Bearish
Resistance 1: 0.9580-0.9600 April 17 low, figure
Resistance 2: 0.9650 August 29 low
Resistance 3: 0.9700 figure
Resistance 4: 0.9745-47, August 28 low, 200-day simple moving average
Resistance 5: 0.9768 September 4 swing high
Resistance 6: 0.9788 June 7 swing low (key level)
Resistance 7: 0.9807 August 22 low
Resistance 8: 0.9820 August 25 low
Support 1: 0.9550 figure
Support 2: 0.9500 figure
Support 3: 0.9400 figure
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