USD/CHF Technical Analysis: USD/CHF can sink to 0.9580 level

• USD/CHF main bear trend remains intact.  
• USD/CHF is trading below its 50, 100 and 200-period simple moving averages (SMA) on the 4-hour chart while the RSI and MACD indicator are pointing to more losses.  
• The main objective for bears is to break below 0.9650 (August 29 low) in order to reach 0.9580 April 17 low in the coming weeks.  

USD/CHF 4-hour chart  

Spot rate:                       0.9670
Relative change:           -0.42%      
High:                              0.9715
Low:                               0.9657

Main trend:                    Bearish

Resistance 1:                0.9700 figure
Resistance 2:                0.9745-47, August 28 low, 200-day simple moving average
Resistance 3:                0.9768 September 4 swing high
Resistance 5:                0.9788 June 7 swing low (key level)
Resistance 6:                0.9807 August 22 low  
Resistance 7:                0.9820 August 25 low

Support 1:                     0.9650 August 29 low  
Support 2:                     0.9580 April 17 low
Support 3:                     0.9500 figure