USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
USD/CHF can go lower
Information is not investment advice
USD/CHF is indecisive between 1.0025 and 0.9985, where it consolidated for 2 days. Still, it looks like the downtrend from last week’s highs is about to continue. If the pair breaks below the wedge seen on H4 and fall below the parity level, it will slide to 0.9985 and then be vulnerable to decline to 0.9955 (38.2% Fibo of the January-February advance, 100-day MA). On the upside, the advance above 1.0025 is needed to bring the pair up to 1.0050.
NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
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