The USD/CHF has found the 0.92 area as resistive, and has pulled back from that mark. Because of this, the pair looks to be set for another bearish move. Until we can break above the 0.9300 level, going long this pair is going to be almost impossible at this point.
A break down from here would certainly have us testing the all-time lows set last week, and possibly plunging even further.
Written by ForexMansion.com