USD/CHF Classical 02.23
USD/CHF: The market has been in the process of pulling back after stalling out ahead of key short-term resistance by 0.9785 in the previous week. Still we see any additional declines well propped above 0.9300 (record lows) on a close basis and look for the market to once again be well supported on the current dips into the 0.9300’s. Ultimately, only a close below 0.9300 would concern, while back above 0.9500 should confirm bias and accelerate gains.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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