Needless to say that the pair remains under pressure considering the impressive bearish trend we see for more than a year now.
Yesterday, we did see the USD/CHF going back towards its recent and historical low at 0,7610 without breaking it. The market might be in the process of building some form of a short term bottom considering the US Dollar strengh. To confirm a possible bounce, we need though to see a clear break above 0,78. It would allow an extension towards 0,80 but of course it remains to be seen.
A break below 0,76 would resume the bearish trend and accelerate decline.
Provided by atf-forex-trading.com