Technical Analysis – USDCHF stopped at upper Bollinger band; unable to break above a 3-week high
USDCHF dropped from a twenty-eight-month high of 1.0235 to a five-and-a-half-month low of 96.93 over a three-month period. Buyers failed to push above the previous swing peak of 0.9950, and the price is currently hovering near the upper Bollinger band. The 14-day and 20-day simple moving averages (SMAs) show no clear direction, whereas the MACD […]