USDCHF Review

The pair failed to push lower after the break under the 1.09 support level and jumped back up retesting the 1.10 area and forming an expanding wedge (usually a top formation); with this in mind bearish traders will start considering building a short position starting with smaller position and adding according to how price action develops in the short time future. The pair failed to push lower after the break under the 1.09 support level and jumped back up retesting the 1.10 area and forming an expanding wedge (usually a top formation); with this in mind bearish traders will start considering building a short position starting with smaller position and adding according to how price action develops in the short time future. Closest target is the 1.0850-1.09 area and  only a conclusive break below will shift focus on the 1.06 and 1.05 levels.

[NP][/NP]