USD/CHF technical analysis: Greenback hits fresh October lows against the Swiss Franc

Summary:
USD/CHF remains under heavy pressure after the London close.  The level to beat for bears is the 0.9871 level.  USD/CHF daily chart On the daily chart, USD/CHF is trading in a sideways trend, now challenging the 50 and 100-day simple moving averages (DSMAs) below the 0.9900 handle. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is under bearish pressure below the main SMAs as the market is trading at its lowest point since late September. A continuation of the bear move below the 0.9871 support can lead to an acceleration towards 0.9850 and 0.9830 price levels, according to the Technical Confluences Indicator. USD/CHF four-hour chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF 30-minute

Topics:
Flavio Tosti considers the following as important: 1) SNB and CHF, 1.) FXStreet on SNB&CHF, Featured, newsletter

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