The USD/CHF pair reversed its course and fell below the 0.9100 level for the fourth consecutive day, trading at 0.9068, down 0.87%. The broader weakness of the US Dollar continues to impact most G8 currencies, with many in positive territory as US President Donald Trump embarks on his second term.
USD/CHF Price Forecast: Technical Outlook
Technically, the USD/CHF has fallen below both the 20-day and 50-day Simple Moving Averages (SMAs), currently positioned at 0.9110 and 0.9082, respectively. This suggests that consolidation may be on the horizon. If the bearish trend persists, a break of the support trendline drawn from October’s lows could open the door for further declines toward the 0.9000 mark.
Conversely, if USD/CHF manages to climb above the 50-day SMA at 0.9082, buyers may target the 20-day SMA at 0.9110. A clear break above this level could push the pair toward the 0.9150 resistance level.
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