Will USDCHF be reversed?

14 March 2022 174
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Since August last year, the currency pair has been moving within the range between 0.91 and 0.936.

Today, the price is testing the top boundary of the range.

At the same time, the relative strength indicator intends to enter the overbought zone which signals a possible speedy decline in the USDCHF currency pair.

In case of changes in the direction movement, the target will be the bottom boundary of the horizontal channel: 0.91.

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