Since the past two weeks, the US Dollar has declined by 138 pips or 1.50% against the Swiss Franc. The currency pair breached the 50– and 200– period simple moving averages last week.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, sellers could drive the USD/CHF exchange rate lower during the following trading sessions.
However, the weekly support level at 0.9108 could provide support for the currency exchange rate in the shorter term.
