Forex Investment and Currency Trading

USD/CHF – Failure to reach resistance at 1.0328 increases the chances of a return to 0.9651 in the weeks ahead.

Although USD/CHF engaged in a price correction last week, the failure to reach initial resistance at 1.0328 indicates that bearish USD sentiment remains prevalent. With valuations moving from oversold to neutral, the resistance at 1.0328 will attract selling interest for a return to the early March low at 0.9651. 0.9800 is the price target this week inlight of the bearish view.