Home USD/CHF technical analysis: Greenback under pressure below 0.9700 as sellers challenge June lows
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USD/CHF technical analysis: Greenback under pressure below 0.9700 as sellers challenge June lows

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  • CHF is up as Wall Street indices start the week in the red.  
  • The level to beat for bears are at the 0.9675 and 0.9660 levels.
 

USD/CHF daily chart

 
USD/CHF is trading near 2-month lows below the main daily simple moving averages (DSMAs). US equity markets are starting the week on the back foot, driving demand for safe-haven currencies such as the Swiss franc.
 

USD/CHF 4-hour chart

 
USD/CHF is creeping lower while trading below its main SMAs. Bears want to reach 0.9675 and 0.9660 on the way down, according to the Technical Confluences Indicator.
   

USD/CHF 30-minute chart

 
 
USD/CHF is trading below its main SMAs, suggesting bearish pressure in the near term. Immediate resistances are near 0.9694 and 0.9726, according to the Technical Confluences Indicator.  
 

Additional key levels

 

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