Tue, May 18, 2021 @ 11:57 GMT
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USD/CHF Falls Below Major Support

The greenback remains underwater as US yields retreat from recent highs. Selling pressure has increased after the pair broke below the critical support at 0.9220 on the daily chart.

Recent rebounds have been opportunities for short-term trend followers to sell into strength.

A neutral RSI may encourage more sellers to jump on board. 0.9140 is the next target on the way down.

On the upside, the newly established supply area around 0.9240 could be a tough nut to crack.

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