USDCHF falls to lowest level since April...Bounces

...but finds some buying

The USDCHF moved to a new low going back to April 17th. The low took out the Tuesday low at 0.9599. The price reached 0.95898. Looking at the daily chart, a trend line connecting recent lows came in at that level. Buyers leaned and the price has moved higher.

Drilling to the hourly chart, the low today also stalled at the underside of a broken trend line (see hourly chart below). That too stalled the fall. The price is back above the Tuesday low at 0.9599. Watch that level. There may be some buyers leaning against that level again (close risk for dip buyers). Stay above and a corrective move might begin.