USDCHF appears to have found some footing from the 50-day simple moving average (SMA) and is attempting to climb over the 23.6% Fibonacci retracement of the up leg from the multi-year low of 0.9182 to the three-month peak of 0.9900. Recent price action has improved slightly – something also reflected in the 50-day SMA and within the short-term oscillators. The MACD, in the positive area, has pierced above its red trigger line, while the RSI is rising from its neutral mark. A quick look at the stochastics, suggests that a bullish crossover could be nearing further fuelling the up move. Moreover, the 50-day SMA is ... (full story)