$USDCHF broke significant resistance, though has entrenched itself in a sharp descending channel. Free fall could accelerate if pair breaks range bottom, though considering $USDCHF is severely oversold, a strong retracement is also a possibility.
Trading the $USDCHF swings on RSI overbought/oversold conditions has led to anywhere between 100-pip and 400-pip gains over the past three months.
An Intraday USD/CHF Sideways Channel is Creating Scalping Environment [DailyFX]
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$AUDCHF remains in channel; downside pressure remains as investors ease off risk-seeking trades.
$GBPCHF trend remains bearish; pushes through 61.8 Fibo, sell signal on Slow Stochastics suggests that decline will extend towards 50.0 Fibo at 1.52237.
$USDCHF meeting resistance at 38.2 Fibo at 0.95025; oversold conditions create bullish bias in near-term. MACD Histogram narrowing towards a bullish divergence.
$USDCHF struggling to break through 78.4 Fib; break towards 61.8 Fib resumes decline towards horizontal support at 0.93295.
