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  • The US dollar had a sell-off this Thursday as the 10-year US T-bond yield dropped in excess of 2%.  
  • USD/CHF is trading at its lowest in 7 sessions.

USD/CHF daily chart

USD/CHF bears are driving the market to its lowest point in the last 7 sessions.

USD/CHF 4-hour chart

USD/CHF is trading below its 50 and 100 SMAs suggesting a correction down in the medium term.


USD/CHF 30-minute chart

USD/CHF is having a strong boost to the downside as the market is currently consolidating the recent drop.
A break below 1.0120 can see the market extend down to 1.0100 and 1.1080 levels.
Resistance is at 1.0150, 1.0170 and 1.0200 levels.

Additional key levels