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- USD/CHF continues its downward movement
USD/CHF continues its downward movement
On the hourly chart, the USD/CHF pair continues its downward movement, breaking through support at 0.8130 and approaching the next key level of 0.8090. The price is confidently trading below the MA (200) H1 moving average, which confirms the dominance of the bearish trend. The MACD indicator remains negative, demonstrating the stability of the downward momentum, despite a slight slowdown in the rate of decline of the histogram. A breakdown of the 0.8090 level may increase the pressure and lead to a test of the next support in the 0.8055 area. The nearest resistance is now formed in the 0.8130 zone, and a return above this mark may indicate an attempt at correction. The overall technical picture remains negative, with sellers taking priority.
Resistance levels are: 0.8130, 0.8195, 0.8215
Support levels are: 0.8090, 0.8055, 0.8040
The main scenario for the pair's advance suggests a breakout of the session low of 0.8090 (June 16 low) and a possible decline to 0.8055 (June 13 low)
An alternative scenario implies a breakout of the session high of 0.8130 and there may be an increase to 0.8195 (June 23 high)
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