USDCHF key level to watch. Correction or continued uptrend

5월 7일

USDCHF key support at 0.90! A break below is likely to fuel a sell-off down to the 0.382 retracement of the uptrend since its December low i.e., down to 0.8883.
Around that level both the 200 and 100 daily Moving Average are coming up adding to the support.
RSI has been illustrating divergence for a few weeks by now indicating uptrend exhaustion

However, if USDCHF is closing above 0.92 the cross is likely to extend the uptrend towards 0.9425 resistance