The USD/CHF pair attracts fresh sellers during the Asian session on Wednesday and erodes a major part of the previous day’s modest recovery gains. Spot prices drop back closer to mid-0.8100s in the last hour and remain well within striking distance of a ten-year low touched last Friday amid a broadly weaker US Dollar (USD).
Sentiment is: Negative
Technical Analysis
USD/CHF is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next 22 hours.
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