Since ourprevious USD/CHF post, the pair broke to new lows in a seemingly direct route. We raised thepotential for a 300-point dropandour bearish view remains whilst we trade beneath the 0.9788-0.9808 resistance zone. If successful, it could reach for the 0.9526/34 lows, although a correction needs to play out first. Stalling above 0.9650, the rebound didn’t come as a huge surprise. A bullish hammer stopped just shy of key support and the bearish move had become extended beyond its lower Keltner band (not pictured) to warn of mean reversion. This meansmomentum currently favours bullish intraday traders,but then one ... (full story)