USDCHF Pulls-Back From Support-Turned-Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Jan 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Although ascending trend-line, which joins lows marked in August, October and December, favored USDCHF's bounce from 100-day SMA during early December, the pair failed to surpass 1.0115 – 1.0130 horizontal resistance and is currently witnessing a pullback towards testing 1.0000 – 0.9980 immediate support-zone. However, pair's further decline following the[​IMG]

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