USDCHF still appears weak, despite Monday’s recovery
USD/CHF still appears weak, despite Monday’s recovery from a session low at 0.9896. At present, the pair is trading at 0.9944, a loss of 0.14% from Monday’s North American close.
Support on a further move lower is at the mid-point of Monday’s long green candle, which comes in near the 0.9925 level and corresponds to a 61.8% retracement of the advance that took place off the low established in the latter part of March.
Support on a further move lower is at the mid-point of Monday’s long green candle, which comes in near the 0.9925 level and corresponds to a 61.8% retracement of the advance that took place off the low established in the latter part of March.