USD/CHF technical analysis: Greenback under pressure below 0.9700 as sellers challenge June lows

Summary:
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 chart USD/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 chart USD/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. USD/CHF 4-hour chart, August 13(see more posts on USD/CHF, ) - Click to enlarge USD/CHF

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