USD/CHF Continues Falling with its 2012-Low in Sight

Posted by on Dec 19, 2012

USD/CHF 4H Chart 12/19/2012 8:35AM EST Bearish extension: The USD/CHF has been extending its break below the previous consolidation support at 0.9213 area. After clearing 0.92 , it is now (12/18) cracking the 0.91 handle. The next psychological support is at 0.90 , but the decline opens up the 2012-low at 0.8930 as well. The 4H chart shows a market with strong bearish momentum as the RSI dips below 30. This however, could also be a sign of oversold condition in the very short-term. However, a
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