USDCHF – Daily Forex Technicals by ForexHound.com May 21st

USDCHF has reached an important support level just above the 1.03 area, a bounce from here will push the pair once again towards the 1.0550 resistance marked on the chart below by a downsloping trendline. USDCHF has reached an important support level just above the 1.03 area, a bounce from here will push the pair once again towards the 1.0550 resistance marked on the chart below by a downsloping trendline. Conversely a break below this support will shift focus on the 1.0250/1.02 area as the closest bearish target.

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