USD/CHF: Breakdown From The .9700 Level Saw Sharp Dive To Take Out The .9634 Support

Discussion in 'Technical Analysis' started by Kaitlin, Aug 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Breakdown from the .9700 level saw sharp dive to take out the .9634 support and slightly exceeded the .9600 level. Bounce from the .9589 low seen unwinding the deep oversold readings on intraday chart with resistance starting at .9634 then the .9700 level. While the latter caps, risk is seen[​IMG]

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