USD/CHF drops to the lowest level since January 2015. Daily chart favors deeper declines, but weekly RSI shows oversold conditions. USD/CHF clocked fresh multi-year lows during Tuesday’s Asian trading hours alongside a broad-based sell-off in the US dollar. The pair fell to 0.9048, the lowest level since January 2018, surpassing the previous 5-½ year low of 0.9050 reached on Aug. 3. The daily chart leans bearish with the 5- and 10-day simple moving averages (SMA) trending south and a lower higher, lower lows setup. However, the 14-week relative strength index dipped below 30, indicating oversold conditions, for the first time since February 2012. As such, an oversold bounce may be seen before a deeper decline. That said, the short-term bias would turn bullish only if the spot finds acceptance above the lower high of 0.9198 created on Aug. 12. Weekly chart Trend: Bearish but oversold Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tron Technical Analysis: TRX/USD rallies 15% on approach to the critical $0.035 FX Street 2 years USD/CHF drops to the lowest level since January 2015. Daily chart favors deeper declines, but weekly RSI shows oversold conditions. USD/CHF clocked fresh multi-year lows during Tuesday’s Asian trading hours alongside a broad-based sell-off in the US dollar. The pair fell to 0.9048, the lowest level since January 2018, surpassing the previous 5-½ year low of 0.9050 reached on Aug. 3. The daily chart leans bearish with the 5- and 10-day simple moving averages (SMA) trending south and a lower higher, lower lows setup. However, the 14-week relative strength index dipped below 30, indicating oversold conditions, for the first time… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
