USD/CHF fall this week already tees up key technical test ...Middle East

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USD/CHF fall this week already tees up key technical test
source : forex live ( Middle East ) () 112
USD/CHF is one of the more notable movers so far this week, with the pair falling below the 0.9000 level after some consolidation just above that over the last two months. It coincides with a more interesting look for June trading, when you take into account the seasonal pattern here. But in just the third trading day of the month, we have to talk about a key technical test already for the pair.The added decline yesterday sees the pair run up against a test of its 200-day moving average (blue line). That level is seen at 0.8893 currently. It sits near the 61.8 Fib retracement level of the swing higher this year, seen at 0.8883.That particular region is now a key support area to watch for USD

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