USDCHF Remains as Sell on Rallies  


The US Dollar is trading lower against the Swiss Franc and already moved below the 0.9715 support area.

The USDCHF pair is currently finding bids near 0.9695 and currently attempting a correction. On the upside, there is a bearish trend line on the 15-min chart with resistance at 0.9708.

Moreover, the 23.6% Fib retracement level of the last decline from the 0.9742 high to 0.9695 low is also around the trend line resistance to protect gains.

So, if the pair continues to move higher, it is likely to face sellers near 0.9700-10. On the downside, a close below 0.9695 could ignite further losses towards 0.9660.

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