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27.04.201707:42 Forex Analysis & Reviews: Technical analysis of USD/CHF for April 27, 2017

Long-term review

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USD/CHF is expected to prevail its downside movement. The pair broke below the 20-period and 50-period moving averages, which play resistance roles. In addition, the 20-period moving average is turning down. The relative strength index is capped by a bearish trend line since April 26.

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To conclude, as long as 0.9960 holds on the upside, look for a further decline to 0.9910 and even to 0.9890 in extension.

Resistance levels: 0.9985, 1.000, and 1.0025

Support levels: 0.9910, 0.9890, and 0.9850

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