USD/CHF Price Analysis: Stays pressured towards 0.9400, bears eye seven-month-old support
USD/CHF remains depressed at four-month low, sidelined of late. Clear downside break of the 200-DMA, descending support line from late May favor sellers. 61.8% Fibonacci retracement level adds to the immediate upside filters. USD/CHF licks its wounds at the lowest levels since mid-April, taking rounds to 0.9420-25 during Thursday’s Asian session. The Swiss currency (CHF)… Read More »