USDCHF Maintains a Horizontal Bearing as Momentum Fades

<p>USDCHF has been mainly flat for the last two weeks confined within the 0.9742 and 0.9590 boundaries. Confirming the mostly directionless market are the 50- and 100-period simple moving averages (SMAs’) uncertain signals and the sideways demeanour of the 200-period SMA. The short-term oscillators, although tilting marginally negative, suggest that directional momentum has dried up. […]</p>
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