
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
2019-11-11 • Updated
USD/CHF has been keeping intact bullish structure formed above the 200 SMA at H4 chart. In a technical view, the pair is forming a possible double bottom pattern that is giving momentum so far. If that level holds between the Fibonacci area of 50% and 65% around 0.9602 and 0.9552 respectively, the pair could rally towards the -23.6% Fibonacci retracement level at 0.9848.
In the bearish scenario, supports are located at 0.9552 and 0.9506. RSI indicator remains in the neutral territory.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
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