We’ve been down to 0.9045 again in that move earlier and once again we’ve stopped with strong bids between 0.9040-45 protecting technical support into 0.9035, following the break higher in early June, then dip to 0.8860 before breaking back up in late July
Top side is still confined to 0.9115 and my strategy to sell rallies above 0.9100 has proved successful in recent days/weeks with t/ps on the dips, but equally there is a case to buy the dip and t/p into the rallies
Something for everyone !
And don’t forget the correlation with EURUSD and the chicken/egg scenario we still have as EURCHF drifts lower.
USDCHF Daily 14 August
