FX.co ★ Daily analysis of USD/CHF for June 1, 2018

USD/CHF

This market has been going downwards gradually, forming a clear bearish bias. The week has generally been bearish and price is approaching the support level at 0.9850 gradually and it would soon breach it to the downside. After which price would target another support level at 0.9800.

A continuation of the bearish movement is expected today or early next week. There is a Bearish Confirmation Pattern in the market, and the bias is bearish. The Williams' % Range period 20 is almost into the oversold region.