USDCHF's fall extended to 0.8942

By @ibtimes on

USDCHF's fall from 0.9339 extended to as low as 0.8942. The pair is now facing 0.8922 previous low support, a breakdown below this level will confirm that the long term downtrend from 1.1730 (Jun 1, 2010 high) has resumed, then the following downward move could bring price to 0.8500 area. Resistance is at 0.9050, only break above this level could indicate that lengthier consolidation of long term downtrend is underway, then further rise could be seen to 0.9200 zone.

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