Technical Analysis – USDCHF finds difficulty to accelerate towards the peak
Posted on March 19, 2020 at 1:32 pm GMTUSDCHF’s attempts to continue its ascent – despite reaching a new one-month high of 0.9815 – breached but failed to close above the inside swing high of 0.9750 and the 0.9778 and 0.9815 obstacles. The enduring positive move which has nearly recouped all of the losses from the 0.9848 peak seems to be backed by the rising Ichimoku lines as well as the increasing bullish momentum reflected in the short-term oscillators. The MACD, in the positive region, continues to increase [..]