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10:20 (CET) - UsdChf: correcting the movement
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Yesterday, the pair made a move to the area we are marking as a potential rebound at 1.0237 Swiss francs per dollar. Right now, the price has corrected the fibo 38.20% from yesterday's movement (marked from 1.0353 to 1.0234). If it forms a good resistance, the price will try to break 1.024 and then meet 1.0217 and, finally, 1.0186 Swiss francs per dollar. These are areas where the price could turn with strength.
On the upside, the 1.03 resistance will be the level to watch to try to attack 1.0348 Swiss francs per dollar.
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