{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdchf-extends-its-bearish-run\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdchf-extends-its-bearish-run\/","headline":"USDCHF Extends Its Bearish Run","name":"USDCHF Extends Its Bearish Run","description":"USDCHF Sellers Aim for More Dives USDCHF price extends its bearish run as the pair continues its downward trajectory, with sellers maintaining a strong grip on the market. The pair has been forming lower highs, indicating a persistent bearish bias. The current focus is on the $0.87300 support level, which could be breached if selling […]","datePublished":"2024-08-02","dateModified":"2024-08-02","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/08\/USDCHF-1DAY-.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/08\/USDCHF-1DAY-.png","height":580,"width":1108},"url":"https:\/\/forexschoolonline.com\/usdchf-extends-its-bearish-run\/","about":["Article","Article-com","charts","Featured Articles","Forex","Forex Strategies","Forex Trading Tools","Price Action Charts in Focus","Support & Resistance","Technical Analysis","USD\/CHF","USD\/CHF"],"wordCount":291,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Price Action","Price Analysis","Technical Analysis","usdchf"],"articleBody":"USDCHF Sellers Aim for More DivesUSDCHF price extends its bearish run as the pair continues its downward trajectory, with sellers maintaining a strong grip on the market. The pair has been forming lower highs, indicating a persistent bearish bias. The current focus is on the $0.87300 support level, which could be breached if selling pressure intensifies.USDCHF Key LevelsResistance Levels: 0.95100, 0.89400Support Levels: 0.87300, 0.85600After failing to sustain a rally above the $0.88130 resistance level, the USDCHF pair resumed its downward movement. The $0.87300 level now represents a crucial support zone. A breakdown below this level could accelerate the bearish trend and open the door for further declines.Both the RSI and Money Flow Index are pointing towards a bearish market. The RSI is in oversold territory, suggesting potential exhaustion among sellers, but it may also indicate further downside potential. The Money Flow Index confirms the bearish sentiment, as negative outflows continue to dominate.As a result of the prevailing bearish conditions, a cautious approach is recommended. It is essential to monitor the $0.87300 support level closely, as a breakdown could accelerate the downward momentum.Market ExpectationIn the short term, the pair remains firmly in bearish territory. The breakdown of the $0.87300 support level could intensify selling pressure.The RSI indicator still establishes a threat as sellers seek to push lower. The Money Flow Index is also signaling a sell motion, giving sellers an advantage. This highlights the current bearish sentiment in the market. For those using forex signals, paying attention to these key levels and indicators is crucial for making informed trading decisions.Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not\u00a0 for your investing results."}