Technical Analysis – USDCHF’s gains struggle within a sideways structure

USDCHF is currently tackling the 0.9767 high after finding some footing at the 0.9730 level, that being the 23.6% Fibonacci retracement of the up leg from the 56 ½-month low of 0.9182 to the three-month high of 0.9900, and the red Tenkan-sen line. Although the mostly flat and merged simple moving averages (SMAs) around 0.9700 […]