Technical Analysis – USDCHF fails to exit neutral zone
Posted on January 28, 2021 at 10:16 am GMTUSDCHF has been developing within a consolidation area over the last three weeks, hovering around the Ichimoku cloud lately. The short-term oscillators justify the current upside move in the market, with the RSI pointing upwards in the bullish territory, and the MACD extending its positive momentum above its trigger and zero lines. To the upside, the important resistance region around the upper boundary of the trading range at 0.8925 could prove difficult to overrun. Conquering this, the 0.8946 barrier, taken from the high on December 2020, could halt the climb towards [..]