USDCHF Turned Lower

USDCHF finally bounced from the resistance trendline and closed in on the 1.0150 support where it has stopped for the time being; breaking below this support will reinforce the bearish bias and perhaps start to change the minds of the hopefull bulls that counted on the USD comeback. Stops below 1.0150 will most likely be  triggered adding to the downside pressure. USDCHF finally bounced from the resistance trendline and closed in on the 1.0150 support where it has stopped for the time being; breaking below this support will reinforce the bearish bias and perhaps start to change the minds of the hopefull bulls that counted on the USD comeback. Stops below 1.0150 will most likely be  triggered adding to the downside pressure. Above current levels we have to look at the 1.02 zone as the main short term resistance.

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