USDCHF tests the swing low from August 2015

Low at 0.9256 is being tested.

The USDCHF is down testing the August 2015 swing low at 0.9256. The low just reached 0.92556. Buyers looking for a quick bounce, stuck a toe in on the test. However, as pointed out in an earlier post, the 0.9288 level will need to be broken (and stay broken). That level is home to swing lows from January 25th and again on January 31st (yesterday).

Further up is a trend line (at 0.9327 now and moving lower) and the 100 hour MA at 0.9337 (and moving lower too).