Bearish MACD signals, sustained trading below the key DMAs keep sellers hopeful.
Sellers can aim for ascending support line from June 2021 on breaking 0.9155.
USD/CHF holds onto the previous day‘s bearish bias around 0.9160-55 heading into Tuesday’s European session.
It should be noted, however, that the bearish MACD signals join the pairs successful trading below the 50-DMA and 200-DMA, to favor sellers targeting an eight-month-old support line near 0.9120.
In a case where USD/CHF drops below 0.9120, the 2022 bottom surrounding 0.9090 will be in focus.
On the flip side, corrective pullback needs validation from the 200-DMA level of 0.9180 before directing buyers towards the 50-DMA, close to 0.9200 by the press time.
Should USD/CHF rally beyond 0.9200, a downward sloping resistance line from January 31, around 0.9250, may lure the pair buyers.
USD/CHF: Daily chart
