Technical analysis of USD/CHF for January 18, 2018

USD/CHF is expected to trade with bullish bias above 0.9615. The pair has clearly reversed up and now stands firmly above its 20-period and 50-period moving averages, which now act as strong support roles. The relative strength index is bullish above its neutrality area at 50. Hence, above 0.9615, a new bounce seems to be […]