“¢ The pair extended Friday’s rejection slide from levels just above the 1.0200 handle and opened with a bearish gap at the start of a new trading week amid renewed US-China trade tensions.
“¢ The downtick, however, remained limited, with bulls managing to hold the pair above last week’s swing low – support marked by an ascending trend-line resistance break-point.
“¢ Technical indicators on the daily chart maintained their bullish bias and have also eased from overbought conditions, suggesting some dip-buying interest at lower levels.
“¢ The set-up remains in favor of bullish traders and hence, any meaningful dips to the mentioned resistance turned support might still be seen as a buying opportunity.
USD/CHF daily chart
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