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  • USD/CHF main bear trend remains intact as it is trading near the monthly low.
  • USD/CHF is trading below its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics are in bearish territories.
  • In the absence of any major bullish action, USD/CHF is set to continue to slide down. The main targets to the downside are 0.9580-0.9600 (April 17 low, figure) and the 0.9500 figure.

USD/CHF 4-hour chart  

Spot rate:                       0.9614
Relative change:            -0.59%      
High:                              0.9677
Low:                               0.9590

Main trend:                    Bearish

Resistance 1:                0.9650 August 29 low  
Resistance 2:                0.9700 figure
Resistance 3:                0.9745-47, August 28 low, 200-day simple moving average
Resistance 4:                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:                     0.9580-0.9600 April 17 low, figure
Support 2:                     0.9500 figure
Support 3:                     0.9400 figure