Forex Analysis : USD/CHF
Performing as forecast last week when we called for a rebound to 0.9360 and suggested the move would not come to much – which it didn’t.
• There is certainly risk of a move to 0.9140-0.9180 this week, with 0..9260 or so seen as the breakdown point and support of last resort before things get ugly for the dollar here.
• What’s needed to rectify the relentless damage is a swift and powerful breakout above 0.9360 and a good few day candles holding above here.
• USD/CHF has so many resistance points its hardly worth mentioning them but we feel 0.9360, 0.9462 and 0.9490 are major numbers for the near term.