- Analytics
- Market analysis
- Technical Analysis
- USD/CHF downtrend persists
USD/CHF downtrend persists
The USD/CHF pair maintains a downward trend on the hourly chart, which is confirmed by the price's location below the MA (200) H1 moving average. After a short-term correction, the pair approached the resistance area near the 0.7995 level, but could not overcome it and returned to decline. The MACD indicator shows a weakening of the upward momentum and a possible transition to a new wave of sales. The nearest support level is located at 0.7920, its breakdown will open the way to the next target in the area of 0.7900. If the quotes recover and overcome the 0.7995 level, we can expect an attempt to rise to the 0.8020 zone, but the overall technical pressure remains bearish, and the priority remains on the sellers' side.
Resistance levels are: 0.7990, 0.8020, 0.8080
Support levels are: 0.7920, 0.7900, 0.7870
The main scenario for the pair's advance suggests a breakout of the support 0.7920 (July 4 low) and a possible decline to 0.7900 (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
