chf

chf
USD/CHF’s rebound from 0.8921 extended further last week and the break of near term trend line resistance, as well as 0.9201 resistance suggests that fall from 0.9774 is possibly finished at 0.8921 already. Initial bias remains on the upside this week and stronger rise could now be seen to 55 days EMA (now at 0.9362) and above. On the downside, below 0.9089 minor support will flip intraday bias back to the downside for a retest on 0.8921 low.