Technical Analysis – USDCHF’s deep retracement pauses above 0.97 mark

USDCHF is trading between the 0.9700 hurdle and the 0.9713 barrier, which is the 38.2% Fibonacci retracement level of the up leg from 0.9194 until 1.0064. Despite the aggressive selloff in the pair from the beginning of this week, the hiking simple moving averages (SMAs) are still championing the one-and-a-half-month rally that spiked beyond the […]