USD/CHF, EUR/CHF: Consolidation Awaits A Break
EUR/CHF & USD/CHF Technical Evaluation
USD/CHF, EUR/CHF – Value Motion
On Friday, USD/CHF rallied to 1.0023 – its highest degree in over eight weeks. The value closed the weekly candlestick with a 0.2% achieve. Equally, EUR/CHF printed three weeks excessive at 1.1023 then closed the week’s session with 0.2% achieve.
The Relative Power Index (RSI) remained flat above 50 on each pairs, highlighting weak consumers in a bullish market.
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USD/CHF Day by day Value Chart (NOV 8, 2017 – DEC 2, 2019) Zoomed Out
USD/CHF Day by day Value Chart (July 1– DEC 2, 2019) Zoomed IN
Taking a look at each day chart, we discover on early Oct USD/CHF printed its highest degree in 5 months at 1.0028, then didn’t rally additional. Later, the value declined as consumers exited the market.
On Friday, comparable state of affairs…