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USDCHF bullish odds increase after 4-month lows
USDCHF extended its three-week bearish wave, dipping as low as 0.8683 on Thursday before closing the day with mild gains above the 0.8700 round level. Although Friday’s session started with weak momentum ahead of the ISM business PMI figures, traders might attempt to push the pair higher according to the technical indicators. The RSI is near its previous lows in the oversold zone, while the stochastic oscillator has started to make higher highs and higher lows to exit the oversold zone below 20, both making an upside reversal or some stability likely. Moreover, Thursday’s candlestick seems to have taken the form ... (full story)
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- Posted: Dec 1, 2023 6:27am
- Submitted by:Category: Technical AnalysisComments: 4 / Views: 3,716
