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USDCHF regains some power, but is still at risk
video USDCHF has been in the green almost every week since the plunge to a nine-year low of 0.8331 at the end of December, but the bullish wave was not strong enough to overcome the descending trendline from the 2022 top last week. The bulls, however, have not totally abandoned the battle. They are currently trying to recoup their latest pullback to stage another fight within the 0.8857-0.8888 area. From a technical perspective, the short-term bias is still skewed to the upside as the RSI is comfortably above its 50 neutral mark, though the indicator is also a short distance below its 70 overbought level, suggesting ... (full story)