FXstreet.com (Barcelona) - After it falls around 90 pips from the 1.1895, in the early European session, to the 1.1797, the USD/CHF is testing again the 1.1800 important support level.
In the European morning, the USD/CHF has fallen 90 pips, breaking the 1.1830 previous support, to be traded above the 1.1800 level. Currently, the pair is trading around the 1.1800/1.1820 band. If the down movement is confirmed, the pair will find support at 1.1780 and, below there, 1.1750 and 1.1680 (March 9 and 11 high) will be exposed.
According to the Mataf.net analyst team, The USD/CHF is in a consolidation movement: USD/CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,1835 / 1,1970 range.