Trader_97
Short

USD/CHF COULD CONTINUE TO EXTEND LOSSES !

FX:USDCHF   U.S. Dollar/Swiss Franc
30 0 0
Since we broke out of the Trend channel from October 20th on on December 2nd Dollar fell sharply against Swiss Franc .Things don't look so good for the pair as Dollar struggles to find support.Recently bounced from the support @ 0.9870 area and retraced almost 0.382% and Dollar failed to hold on two its gains.Prices are trading well below the 100 day and 50 day Moving averages .Hasn't formed any decent tops lately either.Right now it's holding on to the minor support @ 0.9912.If we break lower we're likely to see 0.9856-0.9874 levels come into play.Overall at this stage it seems like there's plenty of room for further decline on DOLLAR/SWISSY. Look to Short it on Lower highs. !
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