FX.co ★ USD/CHF: downside continuation

USD/CHF: Strong Sellers!

The currency pair registered a strong drop after failing to stabilize above the 0.9399 former high. This represented an upside target and obstacle. Now, it has dropped below the 0.9222 historical level and through the 0.9215 former low. These levels represented downside obstacles.

USD/CHF Trading Conclusion!

Breaking below the downside obstacles indicates a further drop and was seen as a selling opportunity.