USD/CHF: return to crossover level could be bought

FXStreet Algorythms FXStreet

The advance set in motion by the USD/CHF pair lead to a cross between the 100 and 200-SMA on the 4hr charts.

Should bulls gain conviction on this signal, the 200-SMA could be defended on a price drop. The recent lows are at a relative narrow distance from the price level where the so-called “Golden Cross” occurred.

The bullish outlook should be reconsidered by a close below the 200-SMA.

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FXStreet Algorythms

FXStreet

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