USD/CHF Weekly Technical Report 5/10/2015
ecPulse
2015-10-05 11:12AM UTC
USDCHF has fluctuated hard on Friday and is presently trading below 61.8% Fibonacci retracement level as seen on the provided daily chart.
Trading below this level requires another breakout below SMA50 and specifically, below 0.9680 to assist bears to resume the downside actions. Additionally, that breakout would assist RSI14 to move deeper below the value of 50.00.
On the upside, coming above 0.9780-0.9800 will negate the awaited bearishness below 0.9680.
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