> USDCHF rotates modestly lower after a sharp move lower last week. What levels are in play?

Technical Analysis

CHF

USDCHF rotates modestly lower after a sharp move lower last week. What levels are in play?

After resistance held against a key target last week, the run lower also stalled at a key swing area support target. What next for the pair?

Greg Michalowski

Monday, 06/05/2024 | 14:22 GMT

The USDCHF fell on Friday to a key support target near the 0.9000. That came after the pair on Monday, moved up to test a key resistance target on the daily chart before reversing lower.

The video above outlines the moves and discusses what next in the short term for the pair given the price action and technical levels.