Intraday bias in USDCHF remains on the down side for the moment and traders should consider only shot trades and no trade against the current USDCHF bearish trend. Technically; bearish trend could take price action towards next target at 0.9905.
Vital area for sellers is present at 0.9998, based on most recent swing high in fifteen minutes chart of USDCHF. However, a clear bullish break out in price action above 0.9998 vital resistance area will end bearish momentum. Henceforth, currency traders may jump at the chance to stay out of market and re-inspect USDCHF Spot Forex pair.



Read more...