USD/CHF has failed to stabilize above 0.9154 upside obstacle signaling that the rate could drop again. You can see that it has escaped the channel’s body suggesting selling in the short term.
- USD/CHF Trading Tips & Conclusion
Sell USD/CHF if the price reaches 0.9100 psychological level. The 0.9018 level is seen as a potential downside target. The major downtrend line could attract the rate as well.
A buying opportunity could appear only if the price passes above the 0.9165 former high. This scenario is less likely to happen right now after today’s aggressive drop.