FXNOVA Strategy – USD/CHF Bearish Bias Below 0.7945
USD/CHF Intraday Signal: Downside Toward 0.7885
USD/CHF is trading under pressure while resistance at 0.7945 caps the upside. The Relative Strength Index (RSI) is holding below the neutrality level of 50, indicating bearish momentum. Price action is aligned with the bearish setup, as long as the pair stays below the pivot level at 0.7945.
The short-term outlook favors a continuation to the downside, with the first support target at 0.7900, followed by 0.7885. A decisive break under 0.7900 would confirm bearish dominance and open the way for further decline toward 0.7885.
On the other hand, a move above 0.7945 would invalidate this bearish view, exposing resistance levels at 0.7960 and 0.7975. Traders should watch the pivot area closely to confirm the next directional move.
- Enter: 0.7935
- Stop Loss (SL): 0.7960
- Target A: 0.7900
- Target B: 0.7885