USD/CHF trade 0.46% lower on Wednesday as the greenback suffers across the board. CHF has retained some of its safe-haven status this afternoon as both the dollar and stocks drop off. USD/CHF daily chart USD/CHF has been falling recently and the trend has become very forceful. On Wednesday’s session, the price tested the previous wave low of 0.9376 but so far has not managed to breach the level. A break of the 0.94 psychological level seems to be a key break for the bears and now the main low on the chart is 0.9183. Both the indicators are looking bearish too. The Relative Strength Index is near the oversold area but still has some room to move to the downside. The MACD histogram has just turned red again and the signal lines are also way below the mid-level. To put this move into context, USD/CHF has only been this low on three occasions since August 2015. The SNB will not be too happy about the recent strength in the Swiss Franc and we may see some comments in the coming sessions. Additional 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 Record 60,021 new COVID-19 cases reported in the US FX Street 3 years USD/CHF trade 0.46% lower on Wednesday as the greenback suffers across the board. CHF has retained some of its safe-haven status this afternoon as both the dollar and stocks drop off. USD/CHF daily chart USD/CHF has been falling recently and the trend has become very forceful. On Wednesday's session, the price tested the previous wave low of 0.9376 but so far has not managed to breach the level. A break of the 0.94 psychological level seems to be a key break for the bears and now the main low on the chart is 0.9183. Both the indicators are looking bearish… 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.
