In Monday’s session, the USD/CHF traded with 0.30% losses and failed to consolidate above the 200-day Simple Moving Average (SMA) at 0.9018, declining
USD/CHF declined below 0.9000 after hitting a daily high of 0.9042. Indicators on the daily chart point towards a prevailing strength of the bears in the short term. The seller's next target stands at the 100-day SMA at 0.8905. to a low belowthe 0.9000 mark. In line with that, the daily chart suggests that a neutral to bearish trend becomes evident for USD/CHF, with the bears gradually taking control.
Back to the daily chart, the pair is below the 20 and 200-day Simple Moving Averages , but above the 100-day SMA, indicating that the long-term outlook is starting to tilt in favour of the bears. Support levels: 0.8980, 0.8950, 0.8905 , 0.9040, 0.9070. USD/CHF Daily Chart USD/CHF Overview Today last price 0.9004 Today Daily Change -0.0014 Today Daily Change % -0.16 Today daily open 0.9018 Trends Daily SMA20 0.9093 Daily SMA50 0.894 Daily SMA100 0.8906 Daily SMA200 0.
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