USD/CHF range breakout
The USD/CHF pair is under massive pressure after failing to come back higher to reach and retest the range's resistance, the upside line of 0.9266. Now, it challenges the range's downside line, the 0.9177 support.
The pair dropped below this downside obstacle and it has found demand at 0.9171. In the short term, the USD/CHF pair rebounded, it has increased a little but the sellers are very strong.
USD/CHF trading conclusion
Failing to stay above 0.9177 and dropping below 0.9171 immediate low could activate a downside movement towards the former lower lows.
