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USDCHF looks incapable of overstepping key resistance
USDCHF is currently tackling a durable resistance barrier around the 0.9030 mark, which is reinforced by the overlapping downtrend line, pulled from the 0.9472 high, the blue Kijun-sen line and the 50-period simple moving average (SMA). The former happens to be the 61.8% Fibonacci retracement of the up leg from 0.8757 until the nine-month peak of 0.9472. The bearish SMAs are shielding the downtrend, while the flattened Ichimoku lines are suggesting negative momentum may soon resume. The short-term oscillators are signalling that current positive sentiment is feeble. The MACD is slowly improving in negative territory ... (full story)