USDCHF is Testing Key the Fibonacci Support
Burc Oran
May 26, 2021
USDCHF Daily Chart
USDCHF Daily Chart

USDCHF had fallen after the negative RSI divergence and now may rise after a positive RSI divergence. The price fall to %76.4 of the January-April surge. If it can hold above 0.8927 a reverse may be possible with a 0.92 target. But as well known, divergences sometimes last longer than expected. Below 0.8927 support, USDCHF may want to test the precious bottom, 0.8758 before deciding the short to medium-term direction.

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