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Forex: USD/CHF continues falling to break down the 0.9450 region

FXstreet.com (San Francisco) - After falling around 70 pips from the 0.9520, the USD/CHF has broken down the 0.9500 region to currently test the 0.9450. The pair is 0.35% down on the day and it is trading slightly bearish according to the FXstreet.com Forex studies.

Indicators such as Momentum and CCI are bearish while the MACD is neutral and the Stochastic is pointing bullish in the 1hour chart. Below the 0.9450, the pair will face supports at 0.9440, 0.9400 and 0.9380.

On the upside, resistances are at 0.9470, 0.9500 and 0.9520.

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