USDCHF oversold at a key support level

22 בספט׳ 2021

As USDCHF approaches the 0.9240, we can see that it is respecting the demand zone at the 0.923 support area. The entry is confirmed with an oversold signal shown by the stochastic-RSI indicator. We expect a bullish move till 0.9330, and on the contrary, our long bias is invalidated if price goes below 0.92 level.