The USD/CHF pair settled lower in latest intraday trading and leaned on the pivotal support of 0.8810 once more, representing the lower limit of this week’s sideways trading, while also leaning on the support of the 50-candle SMA.
It comes as the price failed to utilize the positive momentum garnered from the latest rise, when it tested the main downward trend line in the short term before bouncing down towards the aforementioned support, readying to break through it, especially with negative signals emerging from the Stochastic.
Origin: Economies