The USDCHF strongly defended at 1.0200 of original forecast for 0.9700-1.0200-1.0700. The U-shape band of short term is indicating for the pair to downward in short term 1.0200-0.9700.
The turning to downward in short term also supported by the EURUSD and GBPUSD to upward and USDJPY to downward and the AUDUSD and NZDUSD still underway to their lower ceilings of their medium term target zones.
Comment
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deep run and profit booking, will be repeated
Comment
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will continue to downward for 250 PIPs and rebound before proceeding for another 250 PIPs. The current performance still 50 PIPs
Comment
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extra-ordinary margin maintenance requirement and higher rollover charges