USD/CHF is looking south with risk aversion strengthening the case for a drop to 1.01285 (November high), as suggested by Friday’s bearish outside day candle. Trump said Sunday that tariffs on $200 billion worth of Chinese goods will increase to 25% on Friday from the current 10%, reviving trade war fears. The risk assets are currently flashing red with the futures on the S&P 500 currently down 57 points or 1.95%. As a result, the safe haven Swiss Franc (CHF) could pick up a strong bid in the European session, pushing the USD/CHF pair down to the former resistance-turned-support of 1.01285. The technical studies are also biased bearish. For instance, the pair carved out a bearish outside day on Friday – a candlestick pattern widely considered a sign of bullish-to-bearish trend change. Further, the 14-day relative strength index (RSI) has rolled over from the overbought territory (above 70.00), signaling scope for a drop in the USD/CNH pair. Daily chart Trend: Bearish Pivot points  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 US deploying carrier, bomber task force in response to ‘troubling’ Iran actions – CNN FX Street 3 years USD/CHF is looking south with risk aversion strengthening the case for a drop to 1.01285 (November high), as suggested by Friday's bearish outside day candle. Trump said Sunday that tariffs on $200 billion worth of Chinese goods will increase to 25% on Friday from the current 10%, reviving trade war fears. The risk assets are currently flashing red with the futures on the S&P 500 currently down 57 points or 1.95%. As a result, the safe haven Swiss Franc (CHF) could pick up a strong bid in the European session, pushing the USD/CHF pair down to the former resistance-turned-support of… 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.
