USDCHF, Daily
In the Daily timeframe, USDCHF, in a long-term bullish trend, rose again after a minor correction. The price reached the 23.6 Fibonacci resistance area, which was previously support. Momentum rose above 100.0, but MA50 also acts as resistance.
- If the price overcomes the 0.9010 resistance, it will reach 0.9140;
- However, a bounce from resistance will bring USDCHF down to 0.8880 again;
