USDCHF Pair Falls to Two-Week Low, CHF Benefits From Risk-Off

USDCHF Price Analysis – November 30

During the early American session, the USDCHF pair fell to a two-week low, with sellers now looking for a sustained break below the 0.9200 round-figure line. The USD was weakened by falling US government yields, which added to the selling tendency as CHF benefits from the current risk-off.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9275
Support Levels: 0.9150, 0.9050, 0.8950
USDCHF Long term Trend: Ranging
The USDCHF was hit by fresh selling at the start of the day at 0.9266, and it proceeded to fall due to broad-based USD weakening on risk sentiment. With no sign of recovery, the price fell to an intraday low of 0.9157. The pair’s prevailing trend may continue till the end of the session.

In any case, a break below the 0.9150 support level will imply a medium-term bottom. In the absence of a rebound, the trend may remain bearish. As a result, any subsequent rise to the 0.9200 level will almost certainly be viewed as a buying opportunity.
USDCHF Short term Trend: Ranging
On a retest of the 0.9157 low, the USDCHF intraday bias remains moderately negative. A decisive break could signal the start of a bigger decline. Going above the minor resistance level of 0.9215, on the other hand, may initially revert the falling trend into the support zone 0.9150/9175.

The attention is on the 0.9157 level, which represents the most recent low. This protects the 0.9150 support, and a dive below 0.9150 is needed to make room for more lows. The prolonged decline could prompt short-term sell coverage in the near term, allowing USDCHF to rebound past 0.9200.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

[xyz-ihs snippet="Markets"]