USD-CHF Headed Lower Near Term
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (fxtechstrategy.com) - The USD-CHF pair remains biased to the downside and now looks to return to the Feb. 24 low of 0.8929.
Further down, the Nov. 3 low of 0.8890 comes in as the next target where a breach will call for further declines toward the psychological mark of 0.8700. Its daily RSI is bearish and pointing lower supporting this view.
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