(VIANEWS) – The USD/CHF dives sharply, extending its losses to two straight days, after reaching a new two-week high of 0..9600, nearby the 200-day Exponential Moving Average (EMA) at 0.9628. Failure to reclaim the former exacerbated a 200-pip fall. Therefore, the USD/CHF is trading at 0.9430, losing almost 1%.

FXStreet has confirmed that the USD/CHF daily chart portrays the formation of a bearish-engulfing candle chart pattern formed with Monday and Tuesday’s USD/CHF price action. On Wednesday, the major continued its downward path, after printing a daily high of 0.9533, right at the 23.6 % Fibonacci retracement, defended by sellers, as shown by the USD/CHF plunging 100 pips. Even though the Relative Strength Index (RSI) followed suit, it turned flat in bearish territory, opening the door for consolidation.

USD/CHF (USDCHF) has been up by 1.0448% for the last session’s close. At 19:21 EST on Wednesday, 23 November, USD/CHF (USDCHF) is $0.94.

USD/CHF (USDCHF) Range

About USD/CHF’s daily highs and lows, it’s 1.009% down from its trailing 24 hours low of $0.95 and 1.805% down from its trailing 24 hours high of $0.96.

USD/CHF’s yearly highs and lows, it’s 3.542% up from its 52-week low and 7.224% down from its 52-week high.

Volatility

USD/CHF’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.34%, a negative 0.26%, and a positive 0.57%, respectively.

USD/CHF’s highest amplitude of average volatility was 0.36% (last week), 0.66% (last month), and 0.57% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CHF’s Forex is considered to be oversold (<=20).

Previous days news about USD/CHF (USDCHF)

  • Usd/chf price analysis: retreats towards 0.9550 inside weekly rising wedge. According to FXStreet on Tuesday, 22 November, “Even so, the USD/CHF recovery remains elusive unless the quote stays below the 200-SMA level of 0.9860.”, “Even if the quote crosses the key SMA hurdle, the double tops around 1.0150 will be a crucial challenge for the USD/CHF bulls.”
  • Usd/chf drops to two-day lows naer 0.9500. According to FXStreet on Tuesday, 22 November, “The USD/CHF is losing more than 50 pips on Tuesday ending a positive streak for the US Dollar. “, “More weakness in USD/CHF would expose the critical short-term support at 0.9495/0.9500. “
  • Usd/chf price analysis: eyes further downside below 0.9500. According to FXStreet on Wednesday, 23 November, “Overall, USD/CHF is likely to refresh the monthly low unless rising back beyond the 0.9900 mark.”, “However, the 50-SMA level surrounding 0.9495 precedes the resistance-turned-support line from November 03, close to 0.9430 by the press time, to challenge the USD/CHF pair’s immediate declines.”
  • Usd/chf price analysis: bearish-engulfing candles sparked a fall towards 0.9420s. According to FXStreet on Wednesday, 23 November, “On Wednesday, the major continued its downward path, after printing a daily high of 0.9533, right at the 23.6 % Fibonacci retracement, defended by sellers, as shown by the USD/CHF plunging 100 pips. “, “Therefore, the USD/CHF first support will be the 0.9400 figure, followed by the November 15 swing low at 0.9356. “

More news about USD/CHF (USDCHF).

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