FX.co ★ Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Wednesday, December 06 2023.

If we look at the 4 hour chart of USD/CHF main currency pairs, there is seems moving below the Kumo, although Tenkan Sen intersect the golden cross above Kinjun Sen, but both of them is under the Kumo, even the Chikou Span itself was under the Kumo and the price movement as well as Future Kumo still under the Bearish condition adding with the CCI indicator that managed to break below the 3 main levels (100, 0, -100) and now hold on to the level area of 100-0, gives the pictures that USD/CHF confirmed in the Bearish condition, eventhough there is a slight retrace, but as long as not breaking above the level 0,8767, then USD/CHF has the potential to continue its downward movement to the level area 0.8700-0.8667 as the main target anda if the momentum as well as the volatilitas strong enough, then it is not impossible will go down until the level 0.8553.

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