- USD / CHF fell for the fourth day in a row on Friday, targeting the November 9 low of 0.8980.
- The key indicators on the daily chart are lined up in favor of the bears.
USD / CHF fell 0.18% on Friday, having faced rejection at the downtrend 100-day simple moving average in the prior week.
Essentially, the pair has drawn a decreasing high over the past two weeks and now appears poised to test the Nov 9 low at 0.8980.
Supporting the bearish view are the falling 5 and 10-day SMAs and a reading below the 50 level at the 14-day RSI.
A close above the 100-day SMA, currently 0.9142, is needed for the bulls to regain control.
USD / CHF daily chart
USD / CHF technical levels
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