USDCHF Near Fibonacci support

15 April 2021

USDCHF currently stands at the 38.2% retracement of the rise experienced from January to April 2021, indicating support below current levels. On 14th April the pair ended in a small bullish candlestick formation suggesting buying below current levels, RSI is rising indicating further upside potential. It would be prudent to say that USDCHF could advance towards 0.9260 and 0.9300 while it sustains above 0.9180.

Prepared by
Technical Analysis Team

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