Todays USD CHF analysis.
The pair finally reached our target of 1.0037 last night (day's low was 1.00357) where short covering kicked in sending the pair to the downtrend line this morning at 1.0120. A brief period of consolidation can be expected between these two levels and even with a break above the trend line higher I would still be waiting for a 1.0250 clearance to be on the safe side. A break below 1.0037 has obvious psychological support at 1.0000 and below there a whole heap of congestion to stop any falls being too deep. A revisit to 1.0037 may well see further buying as the shorts that missed their exit last night grab the second chance with both hands.
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