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Can USDCHF sellers maintain control?

OANDA:USDCHF   U.S. Dollar / Swiss Franc
The USDCHF currency pair on the Daily Chart has been in a downtrend since 26 April 2019 when it registered the high price at 1.02378. On 13 May 2019, the USDCHF currency pair recorded the low price of 1.00504. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period Moving Average line, a fact that confirms the upward direction of Swissy. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values below the zero line which hints to the bearish bias of financial instrument. Additionally, the RSI ( Relative Strength Index ) Oscillator registers values below the fifty line which indicates negative sentiment. The three technical indicators display mixed signals about the direction of the financial instrument. Applying the Fibonacci tool on the price chart, three price targets may be calculated. The first price target is estimated at 1.00065 (161.8%). The second price target is seen at 0.99355 (261.8%). The third price target is projected at 0.98206 (423.6%). Of course, supply and demand as well as the crowd sentiment will determine the course of Swissy.
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