USDCHF – Daily Forex Technicals by ForexHound.com May12th

USDCHF bounced off the 1.04 support zone and pushed straight towards the 1.05 level, as seen on the chart below we could see a continuation move to the 1.0530 resistance area, a place where we have significant levels. USDCHF bounced off the 1.04 support zone and pushed straight towards the 1.05 level, as seen on the chart below we could see a continuation move to the 1.0530 resistance area, a place where we have significant levels, upsloping trendline connecting swing lows and the 61.8 fib retracement of the last move down from from 1.0627 to 1.0390.

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