USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF snbchf.com

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Flavio Tosti
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USD/CHF is trading down for the fourth consecutive day.
The level to beat for bears is the 0.9600 support.

USD/CHF daily chart

USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday.

USD/CHF daily chart

- Click to enlarge

USD/CHF four-hour chart

The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could continue to extend the decline towards the 0.9550 and 0.9540 levels while the 0.9700 and 0.9800 figures could become resistance on bullish attempts.

USD/CHF four-hour chart

- Click to enlarge

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About Flavio Tosti

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.

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