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USDCHF Technical Analysis

On the daily chart below for USDCHF, we can see that after the big selloff since the collapse of Silicon Valley Bank, the USD/CHF pair found a bottom at the 0.8858 level and started to range. The moving averages have been quite reliable in defining the trends and we have just got a cross to the upside which may be an early signal of a change in trend. The big divergence with the MACD might also be a sign that we could see a bigger pullback to the upside, but to confirm that, the price should bre... Read More

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Usdchf

Technical

Analysis

Forex

Posted: May 17 2023, 10:09

Author Name: forexlive

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