USD/CHF Price Analysis: The swissy is on the backfoot as risk bounces back By ross_burland USDCHF Technical Analysis
The daily chart's old support is a compelling target that aligns with a 50% mean reversion.
has rallied and is up 0.15% at the time of writing. There is room for a test of the prior lows on the daily chart as follows:As illustrated, the 50% mean reversion target aligns with the old daily support near 0.9230. However, the price is headed into hourly resistance that could prove troublesome for bulls at this juncture:
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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