USDCHF is turning upwards. The Dollar is starting to strengthen against the CHF and price as expected has found support around the key Fibonacci retracement at the 61.8% level. USDCHF has the potential to start a new upward move from current levels.
USDCHF has retraced more than 50% of the entire upward move from the 0.9190 lows. The bullish RSI divergence combined with the fact that price is very close to the 61.8% retracement, increases the chances of a reversal to the upside for USDCHF. Bears need to be very cautious as a move higher is imminent.
