USDCHF has been declining from the .9841 lower
high to a 3-year low at .8699 before consolidating under the 20 month moving
average (aqua blue line) as shown on the monthly chart.
On the daily chart, Dollar bears broke below 5-week trendline support, signaling
completion of a 5-week top. Weakening indicators suggest a breakdown is favored
ahead of further fall towards .8864, near 50% of the .8703/.9038 upleg.
.8976 near the 200/20 day moving averages (.8959) should cap
bounces. On the upside, a break above there would stabilize and improve the outlook for
.9015/.9038.
Sell zone: .8925-40
Stop zone: .8960-80
Targets: .8865, .8835, .8700
USDCHF 240minute chart
USDCHF daily chart
USDCHF weekly chart
USDCHF monthly chart
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