The US Doller has been weakening significantly against the Swiss Franc, as funds switch to the safe-haven assets, both the CHF and Gold have been enjoying recently founded highs.

The USDCHF has broken a major support area sub 0.90 cents and this could indicate that prices will continue to move further in the long term.

On a 4h time frame, we see prices moving within a channel respecting all the previous resistance areas, and continuing to move lower. In the short term, we could see a retest of 0.90 cents and potentially pushing prices as low as 0.87 in the long run.

Analysis presented by Andre Almeida