Usd/Chf Breaks Key Resistance And Finds Support

The swissy has managed to break above the key 1.1140 resistance area that the pair had seen back on December 19th and came back to test that area as support. On the four hour chart the RSI grazed the 70 oversold line, but this does not signal that the buying is over, especially since the pair has also broken above 90 buy/sell moving averages. However, new resistance has been found at 1.1280.

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