Over the last week, the USDCHF has fallen below a key weekly trend line. An hourly head-and-shoulders pattern emerged, and the price fell below a support line of a rising parallel channel as a confirmation of the trend’s direction.
The support rests at 0.92590 with resistance at 0.92700. The pivot point at 0.92650 is located above the price line. The EMA of 10 is moving with a bearish bias and it is above EMA of 200 and the EMA of 100. Stochastic is moving in low ranges. The RSI is moving toward the level of 30 and the ADX is showing a sell signal. The MACD histogram is in negative territory with the signals showing a downward momentum.

• There is resistance at 0.92700, followed by resistance at 0.92760 and 0.92810.
• There is support at 0.92590. Below, there is 0.92540 and 0.92480.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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