USD/CHF Price Analysis: Thursday’s shooting star keep sellers hopeful below 0.9500
|- USD/CHF stays pressured after rising to four-day high on Thursday.
- Bearish candlestick formation probes the MACD signals.
- A two-week-old support line gains the seller’s attention during further weakness.
USD/CHF eases to 0.9482, down 0.03% on a day, while heading into the European session on Friday. The pair marked a bearish formation while taking a U-turn from the four-day high the previous day.
As a result, the sellers are targeting a revisit to the immediate support line around 0.9435, with 0.9460 acting as an intermediate halt.
Though, any further downside past-0.9430 will probe 0.9400 round-figure ahead of pushing the bears towards the monthly low near 0.9375.
Meanwhile, a clear break above Thursday’s top above 0.9508 could aim for 0.9550 and 0.9600 consecutive resistances. It should be noted that June 05 top near 0.9650 will be the bulls’ favorite beyond 0.9600.
USD/CHF daily chart
Trend: Further weakness expected
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