Swissie broke below 200 DMA last week, after FOMC left federal funds rate unchanged and released a dovish rate statement. Second day of selling failed to project past February low (~0.9660) and the pair bounced instead.

November - March channel bottom is supported by the broken 2003 - 2015 (down) trendline with the 2011- 2016 (up) trendline coming in from below. 200 DMA shall now act as a resistance.

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