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USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

  • USD/CHF is trading down for the fourth consecutive day.
  • The level to beat for bears is the 0.9600 support.
 
 

USD/CHF daily chart

 
 
USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday.
 

USD/CHF four-hour chart

 
The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could continue to extend the decline towards the 0.9550 and 0.9540 levels while the 0.9700 and 0.9800 figures could become resistance on bullish attempts. 
 
 

Additional key levels 

 

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