FX.co ★ Daily analysis of USD/CHF for March 6, 2018

USD/CHF

This currency trading instrument is bearish in the long-term, neutral in the short-term, and it is quite choppy at the present. Price oscillates between the resistance level at 0.9450 and the support level at 0.9300. Price is thus expected to breach any of these boundaries before the end of this week.

There is a Bearish Confirmation Pattern in the market. A breach of the support levels at 0.9350, 0.9300 and finally, 0.9250, would bring about a bearish outlook on the market. The market is currently trying to go downwards.