Home USD/CHF technical analysis: Greenback declines below 0.9830 against CHF as the market mood deteriorates
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USD/CHF technical analysis: Greenback declines below 0.9830 against CHF as the market mood deteriorates

  • Dismal market mood generates demand for the Swiss franc.  
  • The levels to beat for bears are at 0.9805, 0.9780 and 0.9750, according to the Technical Confluences Indicator.    
 

USD/CHF daily chart

 
USD/CHF is under heavy selling pressure below its main daily simple moving averages (DSMAs). Investors are turning to the safe-haven Swiss franc as the market is deteriorating. US stock market indices are down as the US-China trade war intensify.  
 

USD/CHF 4-hour chart

 
 
USD/CHF is trading below its main SMAs, suggesting bearish momentum in the medium term. As the bears are in charge, the market is most likely going to continue declining towards 0.9805, 0.9780 and 0.9750, according to the Technical Confluences Indicator.
 

USD/CHF 30-minute chart

 
 
USD/CHF is  steeply down below its main SMAs, suggesting a bearish bias in the near term. Immediate resistances are near 0.9830 0.9845 0.9860, according to the Technical Confluences Indicator.  
 

Additional key levels

 

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