By ForexMansion.com

 

The USD/CHF broke below the shooting star we pointed out yesterday, found its first sign of support, and bounced back. This sets up a fight at the 0.92 level as the Non-Farm Payroll numbers will certainly influence this pair tomorrow. Because of this, taking a position overnight is highly discouraged. Any knee-jerk reactions could be good opportunities to fade a rally in this pair as well. A break of today’s lows will be needed to continue our march downward. Any rallies will probably be short-lived in the scheme of things unless we see 0.93 printed.

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Originally posted here