USDCHF Review

USDCHF pushed higher since our latest commentary topping the previous high but failing to close above it; the 1.10 resistance proved to be tough and kept the pair under it.  With the current price setup on the 4hour chart that signals short term weakness in the USD  we don’t think that yesterday play is still viable; the pair could start to push lower aiming well below 1.09. USDCHF pushed higher since our latest commentary topping the previous high but failing to close above it; the 1.10 resistance proved to be tough and kept the pair under it.  With the current price setup on the 4hour chart that signals short term weakness in the USD  we don’t think that yesterday play is still viable; the pair could start to push lower aiming well below 1.09.

[NP][/NP]