USD/CHF Price Analysis: Fails at 0.9000, dips below key support levels amidst fading selling pressure

Share:

• USD/CHF drops below key 0.90 level, extending losses as sellers eye a test of the 0.8900 mark.
• Despite losses, fading selling pressure indicated by RSI and positive three-day RoC signals potential recovery.
• If breached, initial resistance at 20-day EMA opens path to 50-day EMA at 0.9007 and beyond.

USD/CHF fails to decisively crack the 50-day Exponential Moving Average (EMA) at 0.9007, drops beneath the 0.90 figure, and extends its losses below technical support levels, as sellers see a test of the 0.8900 mark. At the time of writing, the USD/CHF trades at 0.8947, down 0.51%.