USD/CHF Technical Analysis: Eyes on short-term rising trendline after US strikes in Baghdad

Summary:
USD/CHF drops after the news broke that the key members of Iran have been killed in by the US attack near Baghdad airport. 200-hour EMA, resistance line of immediate rising channel guard adjacent upside. December month low adds to the support. USD/CHF declines to 0.9700 during the early Friday’s trading. The quote recently slipped as the Swiss Franc (CHF) strengthened, due to its safe-haven appeal, after the US-Middle East tensions are about to get worst. Read: US officials confirm responsibility for missile attack at Baghdad airport, killing Qassim Soleimani  The pair now seems to decline to the support line of the short-term rising channel, at 0.9685, a break of which could extend the fall to December month’s low near 0.9645. It should, however, be noted that

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

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