USD CHF saw a harsh reversal from session high
8/1/2017 3:07:46 PM
The USD/CHF pair reclaimed traction on Tuesday and is now watching to move back towards the 0.9697 handle.
On Monday, the pair saw a sharp reversal from session high level of 0.9711 and fell over 50-pips to 0.9641 area.
Momentum back above the 0.9697 handle might keep on to provoke some fresh supply near the 0.9733 area, above which the pair is probable to aim towards testing June monthly highs persistence near 0.9767-77 area before darting towards the 0.9810 handle.
On the other hand, any pull-back might keep on to find some fresh buying interest near the 0.9644-35 area, which if broken would turn the pair at risk to head back towards the 0.9600 handle.
FOREX market analysis by FxErvin.