Technical analysis of USD/CHF for January 9, 2018

Overview: The USD/CHF pair broke resistance which turned to strong support at the level of 0.9786 yesterday. The level of 0.9786 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is still […]