FX.co ★ Daily analysis of USD/CHF for April 10, 2018

USD/CHF

The market has continued coming downwards – a move that was started last Friday. The downwards movement is becoming serious and a threat to the recent short-term bullishness in the market. A movement below the support level at 0.9500 will result in a bearish bias, which means the market will move further southwards.

On the other hand, a rally from here would remove a possibility of a bearish bias from the market, thus saving the recent bullishness. Today and tomorrow will show what will eventually happen.