USD/CHF is falling hard: A clear breakdown of the fundamental and technical bear case | FXStreet
USD/CHF is falling due to a weaker US dollar, increased safe-haven demand for the Swiss franc, and a bearish technical pattern. The Federal Reserve's shift to more accommodative monetary policy, coupled with global uncertainty, has bolstered the CHF. The currency pair has failed to sustain a move above the 0.80 level, triggering a bearish trend. A bear flag pattern suggests further downside, with the Stochastic RSI indicating momentum still has room to fall. The next support region to watch is a well-defined demand zone from previous reactions.
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