- CHF is up as Wall Street indices start the week in the red.
- The level to beat for bears are at the 0.9675 and 0.9660 levels.
USD/CHF daily chartUSD/CHF is trading near 2-month lows below the main daily simple moving averages (DSMAs). US equity markets are starting the week on the back foot, driving demand for safe-haven currencies such as the Swiss franc. |
USD/CHF daily chart, August 13(see more posts on USD/CHF, ) - Click to enlarge |
USD/CHF 4-hour chartUSD/CHF is creeping lower while trading below its main SMAs. Bears want to reach 0.9675 and 0.9660 on the way down, according to the Technical Confluences Indicator.
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USD/CHF 4-hour chart, August 13(see more posts on USD/CHF, ) - Click to enlarge |
USD/CHF 30-minute chartUSD/CHF is trading below its main SMAs, suggesting bearish pressure in the near term. Immediate resistances are near 0.9694 and 0.9726, according to the Technical Confluences Indicator. |
USD/CHF 30-minute chart, August 13(see more posts on USD/CHF, ) - Click to enlarge |
Additional key levels |
Additional key levels, August 13(see more posts on USD/CHF, ) - Click to enlarge |
Flavio has been engaged in the financial market since 2011 with experience in stocks, currencies, commodities and cryptocurrencies among others. In 2015 he completed a postgraduate diploma in Financial Trading Analysis from the University of Essex in collaboration with FXStreet.
Tags: newsletter,USD/CHF
