Awaiting resumption of downtrend for USDCHF

The stock market will continue to be the main driver of USDCHF this week. Neckline resistance has been tested and held for USDCHF. There is resistance at 0.94150/.9440 and 0.9470 at a maximum. USDCHF has support at 0.9350. The next downside targets are 0.9255 and 0.9200/0.9185. There is long-term potential for a move to 0.8460.

Source: (Max McKegg of Technical Research Limited)
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