The USD/CHF pair continues to flop around the 0.93 handle, looking for direction. Any move above 0.9350 suggests that we are reentering the previous consolidation are of 0.93 to 0.98 that served us for so long. Any break below 0.92 suggests a big move down to 0.88 and beyond.
It should be said that the lows are getting higher, so sentiment could be changing as we may see a rally in the short-term on this pair. However, until it breaks one of the above mentioned levels, one cannot be sure.
