Forex - Chart USD/CHF Update: Downside pressure increasing


 09:46 (GMT) 15 Jan

  [Forex Charts]

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Chart USD/CHF Update: Downside pressure increasing (0101-QGKH-C01)

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Asterisk denotes strength of level

09:35 GMT - Downside pressure is increasing, with USD/CHF now testing the 0.9663/66 weekly lows from early January. Daily studies have turned down, highlighting further downside risks, with a close below critical support at the 0.9643 year low of December 2019 confirming continuation of the April 2019 bear trend. Meanwhile, resistance is at 0.9700 and should cap any immediate corrective bounce. A close above here is needed to delay any downside risks and turn price action cautiously Neutral.


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