- Analytics
- Market analysis
- Technical Analysis
- USD/CHF downtrend persists
USD/CHF downtrend persists
On the hourly chart, the USD/CHF pair continues to move in a downtrend, remaining below the MA (200) H1 moving average, which is directed downward and puts pressure on the price. After reaching a low in the area of 0.7870, there was an attempt to recover, but the growth was limited to the level of 0.7990, from which the price rolled back down again. At the moment, the pair is consolidating near the 0.7935 mark, which indicates that there is no clear momentum. The MACD indicator shows a weakening of the upward momentum — the histogram is decreasing and approaching the zero line, which may indicate a possible resumption of the decline. The overall technical picture maintains a bearish bias, while a breakdown below 0.79008 will increase pressure on the pair with the potential to test the 0.7870 level.
Resistance levels are: 0.7990, 0.8020, 0.8080
Support levels are: 0.7900, 0.7870, 0.7825
The main scenario for the pair's advance suggests a breakout of the support 0.7900 (July 3 low) and a possible decline to 0.7870 (July 3 low)
An alternative scenario implies a breakout of the resistance 0.7990 (July 3 high) and there may be an increase to 0.8020 (June 27 high)
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
