USDCHF Chart Technical Outlook seller’s take-out the previous swing low of 0.8888
Continued downward momentum in the US Dollar resulted in the previous swing low of 0.8888 being broken.
The analysis would suggest that the AB corrective leg is now complete, and we trend lower within the BC extension.
Although the measured move target is located at 0.8750, with the USD index facing strong support, my preferred stance would be to sell into rallies. Yesterday’s Marabuzo level is located at 0.8954. Bespoke resistance is located at 0.8982.
