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USDCHF is Testing Key the Fibonacci Support

FTD Limited by FTD Limited
May 26, 2021
Reading Time: 1 min read
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USDCHF is About the Test the 9-Month Downtrend
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USDCHF Daily Chart
USDCHF Daily Chart

USDCHF had fallen after the negative RSI divergence and now may rise after a positive RSI divergence. The price fall to %76.4 of the January-April surge. If it can hold above 0.8927 a reverse may be possible with a 0.92 target. But as well known, divergences sometimes last longer than expected. Below 0.8927 support, USDCHF may want to test the precious bottom, 0.8758 before deciding the short to medium-term direction.

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