USDCHF corrects lower but falls into support targets. Buyers stall the fall.

The USDCHF has corrected lower after tamer PPI data in the US this morning. The fall took the price of the USDCHF pair below the old swing high from earlier in April at 0.90949, but found support buyers again stay swing area at 0.90712. The ability to find support buyers against that level and “stalled the fall”, keeps the buyers more in control.

Find out all about it in the short video above where I outline the technical levels in play, explain why the buyers are still in control, what would hurt that control, and targets.

This article was written by Greg Michalowski at www.forexlive.com.