CHF has been supported by Switzerland’s producer and import price index. The US will release Industrial Production data.
The support rests at 0.98490 with resistance at 0.98950 which both lines are below the weekly pivot point at 0.99100. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will smooth the way for further decline towards 0.9818; otherwise, the price will grow towards 0.993.