USD/CHF, is it time for a reversal?
With the US dollar weakness in the market, this pair is also sank down. Is it time for a reversal from this level? Based on my view and this technical analysis, the pair is near support and reversal area. The low from yesterday is 0.9592 and the pair is sinking today again, searching for the new buyers near the same level. As I see, the stronger ones are bellow that level, near this trend line at 0.9550 and the big ones are placed at 0.9475/500. Yellen is doing a great job with the US dollar and it looks like that the US dollar is not favorable at the moment, but the technical always work, better then words. We will see!?