The USDCHF price declined in its recent intraday trading, attempting to look for a rising bottom to take it as a base to gain the required positive momentum to recover, amid its stability above the support of 0.8350, which represents 38.2% Fibonacci correction level for the last bearish wave on the short-term basis (from 0.8854 to 0.8039)
This comes amid the bullish correctional trend on the short-term basis and its trading alongside bias line, accompanied by the (RSI) indicators entering exaggerated oversold levels, which suggest the beginning of forming positive divergence.
