Daily analysis of USD/CHF for April 10, 2018

USD/CHF

The market has continued coming downwards – a move that was started last Friday. The downwards movement is becoming serious and a threat to the recent short-term bullishness in the market. A movement below the support level at 0.9500 will result in a bearish bias, which means the market will move further southwards.

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On the other hand, a rally from here would remove a possibility of a bearish bias from the market, thus saving the recent bullishness. Today and tomorrow will show what will eventually happen.

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