USD/CHF technical analysis: Greenback nearing the October lows, consolidating near 0.9870 level

Summary:
USD/CHF is consolidating its losses this Thursday. The level to beat for bears is the 0.9855 support. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its main daily simple moving averages (DSMAs). The market is approaching the October low, currently at the 0.9837 price level. 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 its main SMAs as the market is nearing the 0.9855 support level. A break below this level can lead to an extension of the current bear leg towards the 0.9798 price level, according to the Technical Confluences Indicator.  USD/CHF four-hour chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF 30-minute chart

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

This could be interesting, too:

Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

Charles Hugh Smith writes How Do We Fix the Collapse of Quality?

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Michael Lebowitz writes Trump Tariffs Are Inflationary Claim The Experts