USD/CHF PRICE ANALYSIS: REMAINS FIRM AROUND 0.9210 AFTER HITTING A HIGH SHY OF 0.9240
- USD/CHF is downward biased but subject to a mean reversion move towards 0.9300.
- Solid resistance lies at 0.9235/40, with the confluence of technical indicators rejecting the USD/CHF rally.
- USD/CHF Price Analysis: Bulls are hopeful if the pair remains above 0.9158.
After slumping on Wednesday, the USD/CHF stages a comeback recovering the 0.9200 psychological level, eyeing a break above a confluence of technical indicators. In addition, a falling wedge continued to develop ahead of the following week’s busy economic calendar in the United States (US). At the time of typing, the USD/CHF exchanges hands at 0.9218, above its opening price by 0.22%.v
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