59 days ago • Posted by Paul de La Baume
Dollar-Swiss #franc: almost your 'buy' signal #fx #forex #trading
The USDCHF currency pair looks increasingly interesting from a buyer's trading perspective. Yet, traders would do better to wait for a more attractive risk reward. RSI should first fall in oversold territory and show signs to set lows. And the support level of around 0.9020 should be closely monitored. Once the lows are set, the USDCHF could offer a strong rebound opportunity but are unlikely there quite yet.