Swiss Franc - Look for ACD Method's Failed A-Up to fade upmoves
Swiss France Change in Buyers Sentiment
The Swiss Franc seemed to have run its course on its uptrend. Last Friday's action seemed to indicate that the Swiss Franc will start to backfill next week to determine what its consensus fair value are among forex traders.
Price point 0.9566 is the ACD point of "I know this is where I am wrong". Swiss Franc should not bounce back up to 0.9566 if it is to head lower.
I would look for signs of Failed A-Up to test the water and fade the up moves.
If Swiss Franc sells-off below 0.9420, a bearish bias is the mood to be in on the Swiss Franc.
Additional
Multi-days Swiss Franc chart
