USDCHF is the next currency to move to new session lows today.

Technical Analysis

Author: Greg Michalowski | usdchf

USDCHF trades at the lowest level since March 18

The USDCHF is the next currency to extend to a new extreme against the US dollar (to the downside) following moves by the GBPUSD and USDJPY. 

USDCHF trades at the lowest level since March 18_ 
The run to the downside is now looking to test the lower trend line at 0.9563. There is also support at a swing area between 0.9550 and 0.9568 and the 50% retracement of the market trading range down at 0.95371.  

Traders will be looking for support in this area.   A move below the 0.9563 seems to be the key level now.  

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