Technical Analysis – USDCHF may retrace rebound in short-term
USDCHF rebounded from an 11-month low of 0.9658 last week to pierce the 20-day simple moving average (SMA) on Monday. Still, the momentum indicators suggest that the market may lose steam in the short-term as the RSI seems to be pulling back from its 50 neutral mark and the Stochastics are reversing lower in the overbought territory. […]