USD/CHF - daily technical Forecast

  @ibtimes on

USD/CHF closed higher on Thursday but the mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are turning bearish hinting that a high might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term high has been posted. If it resumes the rally off November's low, the 50% retracement level of the 2008-2009-decline crossing is the next upside target.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video