USDCHF - Upside limited to previous swing low

FX:USDCHF   U.S. Dollar / Swiss Franc

USDCHF - Intraday - We look to Sell at 0.9844 (stop at 0.9874)

Selling pressure from 0.9814 resulted in all the initial daily gains being overturned. Buying posted in Asia. Previous support at 0.9854 now becomes resistance. We have a 50% Fibonacci pullback level of 0.9855 from 1.0014 to 0.9694. Bespoke resistance is located at 0.9844.

Our profit targets will be 0.9660 and 0.9650

Resistance: 0.9844 / 0.9862 / 0.9965
Support: 0.9694 / 0.9660 / 0.9600
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