USDCHF to slide further? Depends on the DXY!
Generally, the price action of the USDCHF has been mirroring the volatility of the DXY.
During the trading session on Friday, the USDCHF retraced strongly from the 1.015 resistance level to trade significantly lower towards the 0.9940 support area.
The USDCHF is likely to consolidate along the current price level of 0.9960 before possibly trading lower again.
If the price breaks below 0.9930, the next key support level is 0.9855.
During the trading session on Friday, the USDCHF retraced strongly from the 1.015 resistance level to trade significantly lower towards the 0.9940 support area.
The USDCHF is likely to consolidate along the current price level of 0.9960 before possibly trading lower again.
If the price breaks below 0.9930, the next key support level is 0.9855.