The USD/CHF price found support after its massive drop and is now fighting hard to rebound. It’s traded at 0.9059 and is fighting hard to rebound. However, the pressure is high. So, the USD/CHF could drop deeper anytime. –Are you interested to learn more about automated forex trading? Check our detailed guide- The pair is trading in red as the DXY has dropped again. It remains to see how it will react later after the US ISM Manufacturing PMI release. The economic indicator came down from 60.6 to 59.9. Moreover, the Final Manufacturing PMI is expected to remain steady at 63.1 points. At the same time, the Construction Spending increased by 0.1% versus 0.2% drop in the previous reporting period, the ISM Manufacturing Prices will be released as well. The Swiss Franc is still strong even if the Switzerland CPI dropped by 0.1% as expected and after the Retail Sales increased only by 0.1% versus 3.4% expected. Furthermore, the Manufacturing PMI increased unexpectedly from 66.7 to 71.1 points helping the CHF to stay higher. Get FREE Forex Signals Now! USD/CHF price technical analysis: More bears to follow USD/CHF 4-hour price chart The USD/CHF pair has found support right on the descending pitchfork’s lower median line (LML). It has increased a little to retest the 23.6% retracement level and the inside sliding line. The pair could resume its drop as long as the Dollar Index drops deeper. We have a strong positive correlation between these assets. –Are you interested to learn more about forex trading apps? Check our detailed guide- Failing to close and stabilize above these obstacles signaled strong sellers and a potential further decline. USD could lose more ground if the US data disappoints during the week. Technically, increasing and stabilizing above the inside sliding line (descending dotted line) could signal a potential rebound. The 0.9051 static support, former resistance, continues to hold. A new higher high, jumping and closing above 0.9075 Friday’s high signals a potential growth at least until the median line (ml). Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Majors share Read Next USD/CAD Analysis: Falling WTI Weakens Loonie, Aiming for 1.25 Saqib Iqbal 1 year The USD/CHF price found support after its massive drop and is now fighting hard to rebound. It's traded at 0.9059 and is fighting hard to rebound. However, the pressure is high. So, the USD/CHF could drop deeper anytime. -Are you interested to learn more about automated forex trading? Check our detailed guide- The pair is trading in red as the DXY has dropped again. It remains to see how it will react later after the US ISM Manufacturing PMI release. The economic indicator came down from 60.6 to 59.9. Moreover, the Final Manufacturing PMI is expected to remain steady at… 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.