On the daily chart, the pair is correcting up from the lower line of Bollinger Bands. The price remains just below its moving averages that are horizontal. The RSI is falling towards the border of the oversold zone. The Composite is testing its last month support.
USD/CHF, H4
On the 4-hour chart, the pair is trading on the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI keeps forming a Bullish divergence with the price. The Composite is showing similar dynamics.