USD/CHF Update – 14/08/2017 (13:30PM) – by Arjun Lakhanpal

USD/CHF Update – 14/08/2017 (13:30PM): USD/CHF’s recent rally terminated at the 50% retracement at .9772 and the market is back under pressure: The market has recently been rejected by the .9770 mid-June high and slipped to .9583 last week, before recovering slightly. Failure there would imply a return visit to the .9444/39 recent low and May 2016 low. Below .9444 targets the .9072 May 2015 low. Short term the mid-July high at .9700 could be retested, however.