Technical Analysis – USDCHF maintains a horizontal bearing as momentum fades

USDCHF has been mainly flat for the last two weeks confined within the 0.9742 and 0.9590 boundaries. Confirming the mostly directionless market are the 50- and 100-period simple moving averages’ (SMAs) uncertain signals and the sideways demeanour of the 200-period SMA. The short-term oscillators, although tilting marginally negative, suggest that directional momentum has dried up. […]