- The USD/CHF slides 0.49% in the session, reaches 4-day fresh lows.
- If the price closes below 0.9100, the next target is 0.9000.
USD/CHF is under pressure. The price is at 4-day fresh lows at 0.9126. Previously in the session, a failed break above 0.9180, saw the pair retracing to fresh lows in the day. The 50-day moving average is at 0.9160 and is resistance, while the 100-day moving average sits at 0.9117-20 range. As the price edges lower, it will find support at 0.9100. A break below this level will open the path towards 0.9000, however, the 200-day moving average is at 0.907 and will be support for the price.
RSI is 65 headed towards lower readings, while the average true range is at 53 pips.
The USD/CHF slides lower to punch through the 200 and the 100-simple moving averages. At the time of writing is trading at 0.9126 steady, with the shorter-tine frame above the longer-time frame moving averages. The pair almost fulfills its average true range, yet is testing the 50-Fibo retracement to the downside, followed by the 61.88 Fibo retracement level at 0.91003, and then the 0.9000 level.
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