- USD/CHF is moving down as USD is seeing some weakness across the board.
- The Swiss franc is in mild demand as a safe-haven currency as US stocks are trading near lows.
USD/CHF daily chart
USD/CHF is trading just above its 100 simple moving average (SMA).
USD/CHF 4-hour chart
USD/CHF is trading below its main SMAs suggesting a bearish bias.
USD/CHF 30-minute chart
USD/CHF is consolidating the last decline to the 1.0030 support. The market is trading below its main SMAs suggesting a bearish bias in the near term. A break below 1.0030 can lead to 1.0010 and 0.9990 to the downside. Bulls will try to trade above 1.0066 and 1.0100 resistances.
Additional key levels
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