USD/CHF 4H Chart: Decline Likely To Continue

During the past week, the US Dollar has declined by 1.28% in value against the Swiss Franc. The currency pair was pressured down by the 50– and 100– period SMAs.

All things being equal, the exchange rate will likely continue to decline in a descending channel pattern during the following trading sessions. Bearish traders might target the weekly S3 at 0.9574.

However, the USD/CHF exchange rate is expected to make a brief upside movement towards the weekly pivot point and the 100– hour simple moving average at 0.9716 during next week’s trading sessions.