USD/CHF close to complete a bearish cycle

USD/CHF close to complete a bearish cycle

The USD/CHF pair has been trading in a corrective phase since March 1st session and it seems the 50% Fibonacci zone could be a key pivot point during the week ahead. The 0.9338 level should then become a support in order to give a boost to the pair in order to go towards the -23.6% Fibonacci zone at 0.9561. To the downside, if the pair manages to break below 0.9292, then it can plummet towards the 0.9186 level.

RSI indicator remains in the negative territory.



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