USD/CHF is under pressure. The pair recorded lower tops and lower bottoms Since May 11, which confirmed a bearish outlook. The downward momentum is further reinforced by the descending 20-period and 50-period moving averages. The relative strength index broke below the oversold level of 30. On the economic data front, housing starts unexpectedly declined to […]

USD/CHF is under pressure. The pair recorded lower tops and lower bottoms Since May 11, which confirmed a bearish outlook. The downward momentum is further reinforced by the descending 20-period and 50-period moving averages. The relative strength index broke below the oversold level of 30. On the economic data front, housing starts unexpectedly declined to […]