Technical analysis of USD/CHF for February 22, 2018

Overview: The USD/CHF pair broke resistance at 0.9361 which turned into strong support yesterday. This level coincides with 61.8% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]