FX.co ★ Daily analysis of USD/CHF for March 23, 2018

USD/CHF

This pair is moving gradually south in the short-term, as its EUR/USD counterpart is ranging. From around the resistance level at 0.9550, the price has shed 100 pips, and it is now very close to the support level at 0.9450 (which would soon be breached to the downside). The next targets are the support levels at 0.9400 and 0.9350.

The Williams' % Range period 20 is in the oversold region, in resonance with the current pullback. This points to more southwards journey in the market. The EMA 11 has just crossed the EMA 56 to the downside.