- USD/CHF looks to be retesting a previously strong structure support level, as possible new resistance - As can be seen on the chart price bounced off this level many times before as support - Price then broke through this level - Now price has advanced back up to the level, and is possibly testing it as new resistance - If price were to reject this level, we may see a drop further - Equally if price were to advance back above this level we may see this act as support again - As well as this the 50 EMA coincides with this level and may act as another level of resistance