USDCHF - page 7
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USD/CHF bounced from the weekly low, but the upside is capped by the 200-day ma at 0.9781.
The dolar's week recently.
Swiss franc is holding up nicely.
Looks like the bear run will continue.
The pair recovered modestly today, but remain capped by the immediate support at 0.9625.
USD/CHF couldn’t hold at session’s tops and has turned to the downside. Expected a test of yesterday’s low at 1.9570.
A fresh montly low brought RSI divergence. Althought the pair retreated to higher levels, we’d be cautious with this quick bullish reversal as the 0.9665 resistance (double tope earlier this week) comes into play.
Interesting to see what the week brings. I'm bullish on CHF.
USD/CHF is moving further to the downside. I'm looking to go long soon.