USD CHF limited in a slim range in Forex market
5/25/2017 4:58:55 PM
The USD/CHF pair was seen merging previous session losses and fluctuated within 22-30 pips slim trading range above the 0.9705 mark.
A follow through decline is probable to find some support near the 0.9705 handle, which if broken would turn the pair at risk to expand its near-term descending path towards 0.9677 level ahead of mid-0.9605s important support. On the upside, momentum above 0.9737 level could get expanded towards 0.9767 persistence area, above which a bout of short-covering could lift the pair back towards the 0.9803 handle.
FOREX market analysis by FxErvin.