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USDCHF Struggles Near 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Following its break of month-old ascending trend-channel, the USDCHF plunged to nearly four month lows; however, the pair failed to close below the 200-day SMA, near to the 50% Fibonacci Retracement of its May – November 2015 upside, around 0.9700 – 0.9720 area, which coupled with oversold RSI, in-turn favor[​IMG]

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