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USDCHF buy into dips

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USDCHF is in a strong uptrend and it continues to surge higher after recent comments from SNB vice president Zurbruegg who implied that CHF is still overvalued. That hints to possible SNB intervention in the future. Technically USDCHF could start a retracement soon and buy into dips is a valid option for all USDCHF traders. 0.9770 zone shows a strong POC (X cross, 50.0, previous sellers/now moment buyers). I have marked with a square near term important price action which suggests that 0.0775

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